Stock Market News

Florida legislature approves bill allowing board to cancel Disney deals

2023.05.04 23:39


© Reuters. FILE PHOTO: People gather at the Magic Kingdom theme park before the “Festival of Fantasy” parade at Walt Disney World in Orlando, Florida, U.S. July 30, 2022. REUTERS/Octavio Jones/File Photo

(Reuters) – Florida’s Senate on Thursday passed a bill that will allow a tourism board appointed by Governor Ron DeSantis to cancel development agreements its predecessor body signed, the latest salvo against the Walt Disney (NYSE:) Co from the conservative leader.

Under the bill, which now goes to DeSantis for signing into law, the Central Florida Tourism Oversight District board, appointed by DeSantis to oversee development in and around Disney’s theme parks, can cancel agreements that were signed up to three months before the board’s creation.

The board was formed by Florida’s legislature in February. It replaced the Reedy Creek Improvement District as the body overseeing the 25,000 acres surrounding the Walt Disney World resort.

Disney did not reply to a request for comment on the bill.

Disney, the largest employer in central Florida, and DeSantis, a Republican, have been feuding since last year, when Disney criticized a state measure banning classroom discussion of sexuality and gender identity with younger children.

DeSantis, who is expected to soon declare his candidacy for U.S. president, has repeatedly attacked “woke Disney” in public remarks.

Disney last month filed a lawsuit in federal court, accusing DeSantis of illegally using state power to punish the company for exercising its free speech rights.

The Central Florida Tourism Oversight District board responded with its own lawsuit in a state court this week, saying it sought to void “backroom deals” favorable to Disney.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 97,979.25 4.18%
ethereum
Ethereum (ETH) $ 3,472.26 2.70%
tether
Tether (USDT) $ 0.99949 0.03%
xrp
XRP (XRP) $ 2.30 3.18%
bnb
BNB (BNB) $ 697.16 1.47%
solana
Solana (SOL) $ 198.96 5.98%
dogecoin
Dogecoin (DOGE) $ 0.335832 5.21%
usd-coin
USDC (USDC) $ 1.00 0.00%
staked-ether
Lido Staked Ether (STETH) $ 3,468.73 2.79%
cardano
Cardano (ADA) $ 0.928779 2.71%
tron
TRON (TRX) $ 0.255962 1.92%
avalanche-2
Avalanche (AVAX) $ 41.20 7.95%
chainlink
Chainlink (LINK) $ 25.01 5.19%
the-open-network
Toncoin (TON) $ 5.87 5.91%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,124.62 2.67%
shiba-inu
Shiba Inu (SHIB) $ 0.000024 6.33%
sui
Sui (SUI) $ 4.60 1.17%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,642.16 3.98%
hedera-hashgraph
Hedera (HBAR) $ 0.31938 12.63%
stellar
Stellar (XLM) $ 0.395906 8.92%
polkadot
Polkadot (DOT) $ 7.50 3.72%
weth
WETH (WETH) $ 3,472.43 2.71%
hyperliquid
Hyperliquid (HYPE) $ 29.49 5.78%
bitcoin-cash
Bitcoin Cash (BCH) $ 467.04 2.74%
leo-token
LEO Token (LEO) $ 9.53 1.44%
uniswap
Uniswap (UNI) $ 14.35 2.70%
litecoin
Litecoin (LTC) $ 108.35 3.39%
pepe
Pepe (PEPE) $ 0.000019 5.71%
bitget-token
Bitget Token (BGB) $ 4.92 17.65%
near
NEAR Protocol (NEAR) $ 5.56 4.46%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,665.51 2.79%
ethena-usde
Ethena USDe (USDE) $ 0.999121 0.07%
aave
Aave (AAVE) $ 368.19 1.82%
aptos
Aptos (APT) $ 9.81 4.45%
internet-computer
Internet Computer (ICP) $ 11.32 7.21%
usds
USDS (USDS) $ 1.00 0.36%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.524762 6.06%
crypto-com-chain
Cronos (CRO) $ 0.162266 2.54%
vechain
VeChain (VET) $ 0.05244 10.95%
ethereum-classic
Ethereum Classic (ETC) $ 27.73 2.97%
mantle
Mantle (MNT) $ 1.23 3.68%
render-token
Render (RENDER) $ 7.78 2.45%
bittensor
Bittensor (TAO) $ 499.14 3.85%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.39 3.19%
mantra-dao
MANTRA (OM) $ 3.81 1.17%
whitebit
WhiteBIT Coin (WBT) $ 24.82 2.06%
monero
Monero (XMR) $ 191.40 1.51%
arbitrum
Arbitrum (ARB) $ 0.811266 3.14%
dai
Dai (DAI) $ 1.00 0.05%
filecoin
Filecoin (FIL) $ 5.45 7.21%