Disney stock continues to fall after Florida House sends bill dissolving special district to Gov. DeSantis’s desk

The Walt Disney Company’s stock continued to fall on Thursday after the Florida House passed a bill stripping Walt Disney World in Orlando of its self-governing district, opening the way for Gov. Ron DeSantis (R) to sign the bill into law.

Disney’s stock fell more than 2% in Thursday trading and is now down more than 6% for the week. The stock has been on a downward trend for the past year, losing more than 30% in that time to become the Dow Jones Industrial Average’s worst performer.

The result is a retaliatory maneuver by Florida Republicans in response to Disney’s resistance to the so-called “Don’t Say Gay” statute, as well as a diversion from congressional redistricting that, will abolish two majority-Black voting districts.

DeSantis’ fight against Disney is the newest front in a culture war he’s waging over COVID-19 limits, sexuality, and gender, which has propelled him into the presidential race for 2024.

S.B. 4-C, a bill that would abolish the Reedy Creek Improvement District, a unique regulatory jurisdiction for the Walt Disney World Resort that was established more than 50 years ago, was passed by the Florida House on Thursday by a vote of 70-38.

The bill was approved by the state Senate earlier this week. On Friday, Gov. DeSantis is likely to sign the bill into law.

After pledging to fight Florida’s Parental Rights in Education law, which prohibits the teaching of sexual orientation and gender ideology to children in kindergarten through third grade, the state’s decision to dissolve Disney’s special district is the latest salvo in the state’s feud with the entertainment giant.

Disney CEO Bob Chapek has promised that he will continue to work to abolish the parental rights statute, as well as similar laws in other states.

Disney received a slew of benefits from the Reedy Creek Improvement District, including the ability to develop the 25,000-acre region without seeking government approval.

27 Responses

  1. Go DeSantis go. I stand behind the Governor 100%. Disney needs to keep its nose out of politics period. What once was an awesome place is now a woke, pedophiles playground. Will never encourage anyone to go there ever!

  2. Eliminate woke companies one-by-one. Anything associated with Disney is off my list. I also do not buy from anybody advertising on TV with ‘woke” commercials (which are many these days).

  3. I think DeSantis is on the wrong track. While he claims to be supporting more freedom for parents, he is sending the wrong message. He
    is putting many people in a marginal place thereby showing and encouraging prejudice. Shame on him.

  4. I am glad the governor is fighting giant like Walt Disney. They they are untroubled because of there status. Mr. Disney was a real American they should remove his name from the title of the team park.

  5. If schools would get back to to teaching young children how to add and subtract, write, and tie their shoes instead of current nonsense, they’d be able to do more than punch a ticket a Disneyland.

  6. God Bless Ron DeSantis for his stand against the people who want to brain wash our most innocence and vulnerable children. These miscreants have an evil agenda and they hate ANYONE who stands in their way.

  7. Disney created Disney World to keep children safe and entertained. The present owners appear to be doing just the opposite by exposing our children to unnatural sex. God made man and woman not semi man and semi woman. You are free to mutilate yourselves but stay away from normal God fearing people and don’t push your depravity on us

  8. Agreed! De Santis is fighting for our kids everywhere! The sickos wanting to turn our kids into confused, mutilated freaks has to stop! I applaud De Santis and all he is doing to stop the woke agenda! You go Ron, keep up the good work!

  9. We need more good people in office like Ron he cares about his people. I wish I lived in Fl ! I only hope GA gets a good man this time not a communist woman please GAPeople see through her bs!

  10. God bless DeSantis who fights for our children and the moral decay of out country. We need more governors who will stand and support with him in taking back our country in making it great again and winning our freedoms back

  11. Go Ron !!! You’re certainly doing the right thing. Thanks for your courage & commitment to American values & to the American people. I for one am behind you 1000%. I’m retired, just lost my husband of 36 years (and yes, he was a real man & I’m a real 100% woman – unusual, I know). I’ve been contributing to your requests but the amounts, sorry to say, are small. Congratulations to you – please continue the fight. I’m soooo proud of you!!! Thanks

  12. So proud of Ron DeSantis! He’s a great governor and doesn’t back down to Democrats b/s! Walt Disney would hate the Disney today! He stood for families, morals and our kids! Shame his descendent’s are woke idiots that defame his good name! Here’s something to think about Disney look at CNN your next!

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