DeSantis vs. Disney: New Legislative Crackdown Expected

1 min read
Source: Reuters
DeSantis vs. Disney: New Legislative Crackdown Expected
Photo: Reuters
TL;DR Summary

Florida Governor Ron DeSantis announced a new bill that would nullify Walt Disney Co's effort to bypass state oversight of Walt Disney World. The bill would return control of the special district that is home to Disney World to a state oversight board run by the governor's appointees. DeSantis and the Florida legislature have been working to eliminate the virtual autonomy the company enjoyed over Disney World for more than 50 years, saying that constitutes an "unfair advantage." Disney shares were off about 0.2% at $99.68.

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