The Battle Escalates: Disney CEO Questions Florida’s Intentions
Walt Disney Co Chief Executive Bob Iger has taken a bold stance against Florida politicians, accusing them of engaging in retaliatory actions against the company. Iger has raised questions about the state’s commitment to Disney’s continued investment in Walt Disney World, asserting that the state government is targeting the entertainment conglomerate.
The dispute stems from Disney’s criticism of a state measure banning discussions of sexuality and gender identity with younger children in classrooms. Disney alleges that Florida Governor Ron DeSantis and his supporters are using the state government as a tool for punishment, essentially “weaponizing” it against the company for exercising its free-speech rights.
During the company’s quarterly investor call, Iger highlighted Disney’s significant contributions to Florida. He emphasized that Disney has built a resort employing over 75,000 people and attracting millions of visitors annually. Furthermore, he mentioned Disney’s plans to invest $17 billion in expanding Walt Disney World over the next decade.
Iger defended Disney’s responsible operations, fair tax payments, and above-minimum-wage employment practices in the state. Expressing his concerns, he questioned whether Florida desires Disney to increase its investments, create more job opportunities, and contribute additional tax revenue, or not.
This strong statement from Iger deviated from his typically calm demeanor. He expressed his dismay over the efforts to dismantle the special district that facilitated Disney’s growth and place it under the control of state-appointed overseers. As a result, Disney has taken legal action by filing a lawsuit in federal court to protect its business interests.
In response, the Florida tourism oversight board filed its own lawsuit in state court to safeguard its role in overseeing development in and around Disney’s theme parks. The board aims to nullify any “backroom deals” that may favor Disney.
Governor DeSantis, who is widely expected to declare his candidacy for U.S. president, has consistently criticized what he calls “woke Disney” in public remarks. He argues that he is striving to level the playing field, as he believes Disney has enjoyed unfair advantages.
Iger challenged DeSantis’ claims, pointing out that Florida has around 2,000 special districts to encourage development, and Disney was simply one of them.
As of now, there has been no immediate response from Governor DeSantis or his spokesperson regarding Iger’s remarks. The conflict between Disney and Florida’s politicians continues to escalate, leaving the future of their relationship uncertain.