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☆ Disney accuses DeSantis-appointed district of withholding key lawsuit documents for nearly 2 months
▼ + stars: | 2023-10-27 | by ( Erin Snodgrass | Associated Press | ) www.businessinsider.com time to read: +4 min

Walt Disney World is currently locked in a lawsuit with the Central Florida Tourism Oversight District. The Central Florida Tourism Oversight District, formerly called the Reedy Creek Improvement District, was controlled by Disney allies for more than five decades until it was taken over by DeSantis appointees earlier this year. AdvertisementAdvertisementDisney has filed counterclaims which include asking the state court to declare the agreements valid and enforceable. Disney also is seeking from DeSantis' office and several state agencies internal communications, including text messages, emails, and documents. DeSantis and the Central Florida Tourism Oversight District have asked a federal judge to throw out Disney's First Amendment lawsuit, calling it meritless.

Persons: Disney, Ron DeSantis, —, Walt, DeSantis Organizations: Walt Disney, Central, Service, Florida Gov, Disney, Improvement, Productions Locations: Central Florida, Florida, ORLANDO, Fla

☆ Here's how to see Disney's new 'Frozen' park area before it opens to the public
▼ + stars: | 2023-10-03 | by ( Quek Jie Ann | Morgan Awyong | ) www.cnbc.com time to read: +2 min

In this article DIS Follow your favorite stocks CREATE FREE ACCOUNTHong Kong Disneyland Resort is opening a new land inspired by Disney's blockbuster "Frozen" movie franchise. World of Frozen is a recreation of Arendelle — a fictional village featured in the "Frozen" movies that is home to the Disney sisters, Elsa and Anna. Disney's Elsa and Anna at World of Frozen in Hong Kong Disneyland. Getting in earlyGuests who book packages through the travel company Klook can experience World of Frozen before it opens to the public. Source: MSL SingaporeThe company is selling a "First Look at Arendelle" package, which comes with two park tickets and a one-night hotel stay, for $880.

Persons: Disney, Elsa, Anna, Disney's Elsa, Walt Disney, Walt, Disney's Olaf, Sven Organizations: Hong Kong Disneyland, Walt Disney World's Hall, Presidents, Tokyo, Tokyo DisneySea's Indiana Jones, CNBC Travel, Singapore Locations: Hong Kong, Singapore, Hong, Tokyo DisneySea's Indiana, Arendelle, Norway

The legal filings marked an escalation in the battle between the entertainment giant and DeSantis, a candidate for the 2024 GOP presidential nomination. Disney has sued DeSantis in federal court, claiming the governor violated its free speech rights by punishing it for expressing opposition to the law. Meanwhile, the governing district now controlled by DeSantis appointees has sued Disney in state court. Disney filed counterclaims that include asking a state court to declare the agreements valid and enforceable. The DeSantis allies are arguing that one of the reasons the agreements should be invalidated is they weren't properly publicized.

Persons: Ron DeSantis ratcheted, DeSantis, Walt Disney, Disney, —, Mike Schneider Organizations: Disney, Central, Governor Locations: ORLANDO, Fla, Florida, Central Florida, “, U.S, DeSantis

☆ Once upon a time, the 'Disney adult' was ridiculed. Now, kidless millennials and Gen Z-ers with money to burn are packing into the parks — here's how Disney is winning them over.
▼ + stars: | 2023-09-14 | by ( Reed Alexander | ) www.businessinsider.com time to read: +22 min

Newlyweds Natalie and Brett Schwartz exchanged vows at Walt Disney World in Orlando this summer. "Our approach was to shine a light on the beautiful tapestry of people that come to Walt Disney World," Trejo said. Francis Dominic, the former parks worker turned influencer, has also been tapped to promote Disney parks and films. It's a difficult tightrope to navigate, but it could define the future of Disney parks. Are you a Disney parks or Walt Disney Co. insider?

Persons: Sarah Rachul, I'm, Rachul, Orlando —, —, Molly May, Francis Dominic, Dominic, who's, Taylor, Ron DeSantis —, Japan pavilion's Takumi, Jonathan de Araujo, it's, Tara Goldstein, Ann van Oostendorp, Disney, Van Oostendorp, Natalie Schwartz, Brett, Schwartz, Sierra Keller's, Keller, Natalie, Brett Schwartz, Jason Petrina, he's, Disney's, He's, They're, Petrina, Mickey, Chris Evans, Zoe Saldaña, What's, Wan Kenobi, Emperor Palpatine, she'd, welling, haven't, Neph Trejo, Walt, " Trejo, It's, Halle Bailey, Kent Phillips, Gaston, Jeremy Singh, I'd, Singh couldn't, he'd, Singh, they're, Patrick Dougall, Mark Eades, Eades, we've, Amanda Krause, Reed Alexander Organizations: Walt Disney, Epcot, Disney Vacation, Disney, Mouse, Disneyland, Disney Parks, Walt Disney Co, Florida Gov, Universal, Guardians, Galaxy, University of Tampa, Disney World, Honeymooners, Star Wars, Marvel, Magic, Cafe Orleans, Disney World's Hollywood Studios, Hollywood Studios, Star, Gucci, Dooney, Animal, Dole, Walt Disney World's, ABC, Getty, Management, Disney Imagineer, Disneyland Alumni Locations: Ohio, Disney, Orlando , Florida, Anaheim , California, Italy, China, Tuscany, Orlando, Florida, Disneyland Paris, Tokyo, Japan, Epcot, California, Anaheim, Belle Terrace, Hollywood

☆ DeSantis board asks court to dismiss Disney's counterclaims in contract clash
▼ + stars: | 2023-09-07 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Ron DeSantis to oversee Walt Disney World's special tax district asked a state court to dismiss Disney 's bid to recover damages over a breach of contracts counterclaim. "All of Disney's counterclaims fail as a matter of law," attorneys for the district board wrote in a court filing Wednesday in circuit court in Orange County, Florida. That's mainly because Disney's contracts are "void as a matter of Florida law and therefore have never had any legal force or existence," the board wrote. Shortly thereafter, DeSantis, who signed the Republican-backed legislation, targeted the special district that had allowed Disney to effectively self-govern its Orlando-area theme parks for decades. The DeSantis-backed board members had voted to nullify Disney's contracts after accusing the company of trying to undermine the new board's authority and sneaking the deals through right before the change in leadership took place.

Persons: Ron DeSantis, Disney's, Disney, DeSantis Organizations: Florida Gov, Walt Disney, Disney, Republican Locations: Orange County , Florida, Florida, Orlando, Reedy Creek, District, Central Florida

☆ Disney drops all but free speech claim in political retaliation suit against DeSantis
▼ + stars: | 2023-09-07 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Disney on Thursday amended its federal lawsuit against Florida Gov. Ron DeSantis to focus solely on its First Amendment claim that the governor politically retaliated against the company. Disney had already amended its lawsuit once in May to accuse DeSantis and his allies of doubling down on their attacks. DeSantis has leaned into culture-war battles as governor and on the campaign trail, as he seeks the 2024 Republican presidential nomination. He has tarred Disney with the politically loaded term "woke" and accused the company of "sexualizing children" — a claim Disney CEO Bob Iger called "preposterous and inaccurate."

Persons: Ron DeSantis, Walt, Read, Disney, DeSantis, Bob Iger Organizations: Florida Gov, Disney, Walt Disney, CNBC Locations: Florida

☆ Disney's firefighters backed DeSantis as he feuded with the company. Now his new board ignored their pleas and stripped away their park benefits.
▼ + stars: | 2023-08-31 | by ( Rebecca Cohen | Brent D. Griffiths | John L. Dorman | ) www.businessinsider.com time to read: +3 min

Disney World's firefighters were once in support of DeSantis' plan to assume control of the Reedy Creek Improvement District. A number of firefighters confronted DeSantis' board last week at a meeting about this. But now firefighters are having second thoughts after the new oversight board moved to strip them of special Disney perks they've had for decades. Last week, the Central Florida Tourism Oversight District, the rebranded Reedy Creek board, revoked all of the firefighters' free passes to the Disney parks and resorts. I'm totally fine with that," DeSantis told CNBC, encouraging Disney to drop the suit.

Persons: DeSantis, Ron DeSantis, Tim Stromsnes, they've, Pete Simon, Idalia Organizations: Disney, Service, Florida Gov, Improvement, Firefighters, Orlando Sentinel, Central, Miami Times Online, Times, Times Online, CNBC Locations: Reedy, Wall, Silicon, Central Florida

☆ Disney goes on offense in DeSantis board's lawsuit, seeks damages for breach of contract
▼ + stars: | 2023-08-18 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Spokespeople for the board and Disney did not immediately respond to CNBC's requests for comment. Disney's requests came in a 55-page filing denying the district board's allegations in its state-level lawsuit against the entertainment giant. The company seeks damages over the alleged breach, as well as a court order for the district to comply with development contracts that are at the heart of the legal fight between Disney and DeSantis. Disney has filed counterclaims, including a breach of contracts claim, against the board of supervisors picked by DeSantis to oversee Walt Disney World's special tax district, a Thursday court filing shows. Ron DeSantis may say he's " moved on " from his long-running feud with Disney , but the House of Mouse isn't easing up.

Persons: DeSantis, Spokespeople, Ron DeSantis, Walt, Donald Trump, Bob Iger, — Organizations: Disney, Walt Disney, Florida Gov, Improvement, Walt Disney World, Central, Republican, CNBC Locations: Central Florida, Florida, Orange County , Florida

☆ Disney's quarter wasn't clean, but we see evidence that CEO Bob Iger's turnaround plan is working
▼ + stars: | 2023-08-09 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Disney (DIS) reported fiscal third-quarter results after the closing bell Wednesday, and it was another mixed quarter even against low expectations. Still, there were enough pockets of optimism in the company's restructuring plan and streaming strategy to believe CEO Bob Iger's turnaround is working. Indeed, global Disney+ subscribers declined to 146.1 million from 157.8 billion, but nearly all of that was associated with Disney+ Hotstar and not Disney's core markets. Quarter over quarter, that loss of $512 million was narrower by $147 million. Thanks to the ongoing strength of Disney's international parks and cruise line business, Disney expects fourth-quarter operating margins at DPEP to exceed the prior year.

Persons: Bob Iger's, we've, Kevin Lansberry, Iger, Jim Cramer's, Jim Cramer, Jim, Bob Iger, CNBC's David Faber, David A Organizations: Disney, Refinitiv, DIS, Consumer, Hollywood, Indian Premier League cricket, Netflix, Disney Media, Entertainment, Linear Networks, ESPN, Penn Entertainment, Disney Parks, Walt Disney, Star Wars, CNBC, Allen, Grogan Locations: India, Florida, Europe, Canada, DMED, Sun Valley , Idaho

☆ Here's how analysts say to trade Disney ahead of its earnings announcement
▼ + stars: | 2023-08-09 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

DIS YTD mountain Disney shares' YTD performance Ahead of the company's quarterly release, several Wall Street analysts have lowered their performance forecasts. The new price target suggests shares could rally 45% from Tuesday's close. He cut his price target to $105 from $110. Finally, Deutsche Bank analyst Bryan Kraft lowered his price target, citing lower advertising revenue and underperformance at the box office. His new price target is $120, down from $131.

Persons: Wednesday's, Goldman Sachs, Goldman, Brett Feldman, John Hodulik, Vijay Jayant, Morgan Stanley, Benjamin Swinburne, Bryan Kraft, Kraft, — CNBC's Michael Bloom Organizations: Disney, Investors, Penn Entertainment, ESPN, ESPN Bet, Disney World's, UBS, Hollywood, Deutsche Bank, Kraft Locations: Tuesday's

☆ DeSantis-controlled Disney World district abolishes diversity, equity initiatives
▼ + stars: | 2023-08-01 | by ( ) www.cnbc.com time to read: +4 min

Diversity, equity and inclusion programs were abolished Tuesday from Walt Disney World's governing district, now controlled by appointees of Gov. The Central Florida Tourism Oversight District said in a statement that its diversity, equity and inclusion committee would be eliminated, as would any job duties connected to it. Also axed were initiatives left over from when the district was controlled by Disney supporters, which awarded contracts based on goals of achieving racial or gender parity. The district was controlled by Disney supporters for more than five decades. Before the new board came in, Disney made agreements with previous oversight board members who were Disney supporters that stripped the new supervisors of their authority over design and development.

Persons: Walt, Ron DeSantis, Glenton Gilzean, Gilzean, DeSantis Organizations: Walt Disney, Gov, Central, Disney, Central Florida Urban League, James Madison Institute, American Enterprise Institute Leadership Network, Improvement, Republican Locations: Orlando , Florida, U.S, Florida, Central Florida, American, Orlando

☆ DeSantis board secures small win in feud against Disney after judge denies Florida park's request to throw out suit
▼ + stars: | 2023-07-29 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

A judge ruled Friday that a lawsuit against Disney in Florida would proceed. The case relates to a legal loophole used by Disney to take back control of its operations in Florida. The park argued that the case is "moot" in state court because of a DeSantis law that voided development agreements Disney signed up to three months before the appointed board was created, PBS reported. The ruling marks another legal punch in the year-long fight between DeSantis and Disney. As a result, the newly appointed DeSantis board was stripped of its power.

Persons: Ron DeSantis, Walt Disney, DeSantis, Margaret Schreiber, Jeremy Redfern, Bob Chapek Organizations: Disney, Service, PBS, Central, Walt Disney World, Politico, Reedy Locations: Florida, Wall, Silicon, Central Florida

☆ Disney loses bid to dismiss or pause DeSantis board's state case
▼ + stars: | 2023-07-28 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

A judge on Friday denied Disney 's bid to dismiss or pause a state court lawsuit related to its bitter feud with Florida Gov. Soon after, DeSantis and his allies in the state's GOP-led Legislature moved to dissolve Disney World's special district. The board voted in April to void those deals, and Disney sued in federal court, accusing DeSantis of orchestrating a "relentless campaign to weaponize government power." The CFTOD board countersued days later in state court. In May, Disney asked the court to dismiss that case, arguing in part that it was moot after DeSantis signed additional legislation that voided the company's development contracts.

Persons: Ron DeSantis, DeSantis, Disney's, Disney, Margaret Schreiber, Donald Trump's Organizations: Disney, Florida Gov, GOP, Improvement, Central Locations: Orlando, Disney's Orlando, Florida, Central Florida

☆ Disney World has a bigger problem than Ron DeSantis: people aren't going
▼ + stars: | 2023-07-11 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Disney's ongoing feud with Ron DeSantis is certainly a factor. Ron DeSantis, it's pretty clear that the park's problems run deeper than a political beef. While crowd sizes are down in the US parks, revenue is up at international Disney parks such as Disneyland Hong Kong. Despite the DeSantis dust-up, the park's biggest issue has nothing to do with politics — Disney World is damn expensive. Ron DeSantis Paul Hennessy/SOPA Images/LightRocket via Getty ImagesIt's also clear that a cut back on vacationing is not the issue.

Persons: Ron DeSantis, Disney execs, Li Zhihua, execs, DeSantis, —, Ron DeSantis Paul Hennessy, Courtney Garcia, Garcia, Samantha Delouya, Bob Iger Organizations: Disney, Service, Walt Disney, Florida Gov, Wall Street Journal, Hollywood Studios, Shanghai Disney Resort, Hong Kong Disneyland, China News Service, — Disney, Getty, TSA, Payne Capital Management Locations: Wall, Silicon, Magic, Shanghai, Paris, Hong, Hong Kong, Florida

☆ DeSantis wants court to schedule Disney trial after 2024 election
▼ + stars: | 2023-06-28 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Ron DeSantis suggested that a trial in Disney 's civil lawsuit against him should be scheduled months after the November 2024 presidential election. DeSantis asked for the trial to start Aug. 4, 2025, more than two years after the company filed its complaint. But Disney contends it should begin on July 15, 2024, according to a filing in federal court in Tallahassee dated Tuesday. If the court agrees with Disney, then the political retaliation case against DeSantis would go to trial on the first day of the Republican National Convention. Disney sued, alleging a "targeted campaign of government retaliation" by DeSantis in response to speech protected by the First Amendment.

Persons: Ron DeSantis, DeSantis, Disney, Walt Organizations: Gov, Florida Gov, Disney, Republican National Convention, GOP, Republican, Walt Disney World Locations: Wildwood , Florida, Tallahassee, Florida

☆ DeSantis asks Trump-appointed judge to dismiss Disney's lawsuit against him, claiming immunity
▼ + stars: | 2023-06-27 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +4 min

DeSantis asked a federal judge to dismiss Disney's lawsuit against him, claiming he has immunity. The lawyers for the Florida governor also said Disney had no business filing in federal court. Ron DeSantis of Florida filed a motion in federal court Monday evening asking a judge to dismiss Walt Disney World's lawsuit against him. Disney's lawsuit accuses DeSantis and his office of engaging in "a targeted campaign of government retaliation" against Disney that was "orchestrated at every step by Governor DeSantis as punishment for Disney's protected speech." Attorneys for the governor said in the 27-page motion that the federal district Disney filed the lawsuit in lacks jurisdiction.

Persons: DeSantis, Trump, —, Ron DeSantis, Walt, Allen Winsor —, Donald Trump —, Governor DeSantis, Mark Walker, Barack Obama, Disney, Winsor, Pam Bondi, Meredith Ivey Organizations: Disney, Service, Gov, Walt Disney, Court, Northern District of, British, Florida's Department of Economic, Central Locations: Florida, Northern District, Northern District of Florida, Tallahassee, Central Florida

☆ Judge denies DeSantis bid to disqualify him from Disney case, but recuses himself anyway because his relative owns company's stock
▼ + stars: | 2023-06-02 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

A sign near an entrance to Walt Disney World on May 22, 2023 in Orlando, Florida. Ron DeSantis recused himself from the case Thursday, days after learning that one of his relatives owns stock in The Walt Disney Company . Judge Mark Walker made the decision to remove himself from the case despite denying DeSantis' motion for him to be disqualified. While the judge did not identify the relative by name or relationship, third-degree relatives include great-grandparents, great grandchildren, great uncles and aunts as well as first cousins. Disney's allegations make clear that this case "involves significant economic interests for its parent corporation, in which my third-degree relative owns stock," the judge wrote.

Persons: Ron DeSantis, Judge Allen Winsor, Donald Trump, Mark Walker, DeSantis, Walker, Barack Obama, —, Disney, Walt Disney, Weeks, Bob Chapek Organizations: Walt Disney World, Florida Gov, Walt Disney Company, Trump, DeSantis, United, Disney, Republican, Florida Legislature Locations: Orlando , Florida, United States, Tallahassee , Florida, Florida

☆ Disney CEO Bob Iger's book hints at how he'll handle company's feud with Ron DeSantis
▼ + stars: | 2023-06-01 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +13 min

Insider turned to Disney CEO Bob Iger's 2019 book for insight on how he navigates challenges. As Florida's largest attraction with more than 70,000 jobs, Walt Disney World is crucial to both the company and the state. During his first tenure at Disney, Iger orchestrated the $4 billion acquisition of Marvel without a single leak. Under predecessor Disney CEO Michael Eisner, board members said they worried that Marvel was "too edgy" and "would tarnish the Disney brand." File photo of Disney CEO Bob Iger.

Persons: Ron DeSantis, Bob Iger's, Walt, Robert Iger, Iger's, Bob Chapek, DeSantis, Donald Trump, Disney, Iger, Steve Jobs, Jobs, Bob Iger, Chris duMond, Neilson Barnard, Scott Miller, Miller, that'd, Biden, he's, gunning, Charles Sykes, Paul Hennessy, Michael Eisner, Marvel, Harris, There's, Griffin, George Lucas, Roy Disney, Walt Disney's, he'd, they've, Lucas Organizations: Disney, Florida Gov, Morning, Walt Disney, Republican Gov, Walt Disney Co, Walt Disney Company, ABC, Pixar, Marvel Entertainment, LucasFilm, Century Fox, Marvel, Apple, Getty, Democrat, Bloomberg, Walt Disney World, Board, GOP, Reuters, Republicans, Harvard, Independents, Twitter, Bauer, Jobs, iTunes, Lucasfilm Locations: Florida, Orlando, Shanghai, American, China

☆ Disney scrapping a $1 billion campus in Florida could screw over adjacent developers banking on it to build their own projects: report
▼ + stars: | 2023-05-29 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

Disney's decision to scrap its $1 billion campus could affect projects nearby. CoStar Group told The Wall Street Journal that thousands of homes were built after Disney announced its campus in 2021. However, the development group that owns the land says that Disney's decision will not affect it. Hundreds of employees set to work at the new campus had already moved to Lake Nona before Disney announced they would be abandoning the plan. They also told the Journal that 95% of the multifamily housing at Lake Nona is currently being occupied.

☆ DeSantis wants an Obama-appointed judge disqualified from Disney's free speech lawsuit over past remarks
▼ + stars: | 2023-05-20 | by ( Associated Press | ) www.businessinsider.com time to read: +5 min

Ron DeSantis says judge in free speech lawsuit involving Disney should be thrown out. The lawsuit alleges DeSantis violated Disney's right to free speech by retaliating for its criticism of the "Don't Say Gay" bill. DeSantis is asking that a federal judge be disqualified from the First Amendment lawsuit filed by Disney against the Florida governor. DeSantis ′ attorney filed a motion in federal court in Tallahassee on Friday seeking to disqualify U.S. District Judge Mark Walker from overseeing the lawsuit filed by Disney last month. Disney filed the First Amendment lawsuit against DeSantis and the Disney-appointed board last month in federal court in Tallahassee, and it landed in Walker's court.

☆ Disney World's costly Star Wars Galactic Starcruiser to close in late September
▼ + stars: | 2023-05-18 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Disney World's Star Wars: Galactic Starcruiser, a two-day hotel experience, is closing and will make its final voyage this September after being open for only more than a year. First teased during Disney's D23 Expo in 2019, the Galactic Starcruiser, located near the company's Orlando, Florida-based Disney World Resort opened in March 2022. However, the Galactic Starcruiser has been lauded as a dream come true for fans looking for the ultimate Star Wars experience. Alongside these villains there are spies, musicians, rebels and reluctant heroes, everything that makes up a Star Wars story. "Star Wars: Galactic Starcruiser is one of our most creative projects ever and has been praised by our guests and recognized for setting a new bar for innovation and immersive entertainment," the company said in a statement.

☆ Why Disney is stuck in Florida
▼ + stars: | 2023-05-18 | by ( Kimberly Leonard | Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

Disney World sued Ron DeSantis last month to keep control of its self-governing status in Florida. But a top Disney expert said the company is stuck in The Sunshine State. A leading expert on Disney World's history in Florida told Insider that the amusement park is tied to its Florida home, due to its expensive operations and sprawling size. "They're stuck there," Richard Foglesong, the author of the book "Married to the Mouse: Walt Disney World and Orlando," told Insider. Other Republicans are taking DeSantis to task for his dedication to fighting with DisneyRepublican presidential candidate Nikki Haley urged Walt Disney World to consider relocating from Florida to South Carolina.

Disney on Tuesday asked a Florida court to dismiss a lawsuit by the board of supervisors that Gov. By signing that legislation, DeSantis essentially carried out the same action that the board is asking the court to take, Disney argued. Disney filed suit after the board voted to undo development contracts that the company says it struck to secure its investments. Disney expanded its lawsuit last week, accusing DeSantis of doubling down on his political vendetta by signing legislation to void Disney's development deals in Orlando. In March, the district's new slate of supervisors accused Disney of crafting "11th-hour" development deals intended to thwart the board's power over the 25,000-acre area.

☆ Iger hammers Florida 'retaliation' on Disney's earnings call
▼ + stars: | 2023-05-10 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

The Walt Disney Company isn't the only business in Florida that operates within a special district, CEO Bob Iger reminded investors Wednesday. "The case that we filed last month made our position and the facts very clear," he said during an earnings call. Disney's amended lawsuit also noted that Florida's Republican-led Legislature passed legislation last week targeting Walt Disney World's monorail system. He said the company is the largest taxpayer in central Florida, having paid more than $1.1 billion in state and local taxes last year. "So this is plainly a matter of retaliation while the rest of the Florida special districts continue operating basically as they were."

Florida Governor Ron DeSantis speaks at a press conference at the American Police Hall of Fame & Museum in Titusville, May 1, 2023. Ron DeSantis, accusing the Republican leader of doubling down on his "retribution campaign" against the company by signing legislation to void Disney's development deals in Orlando. Disney's amended lawsuit also noted that Florida's Republican-led legislature passed legislation last week targeting Walt Disney World's monorail system. On Friday, the final day of the state's 2023 legislative session, DeSantis signed a bill that included language effectively targeting Disney's development contracts. Linda Stewart, a Democrat representing Florida's 13th Senate district and a staunch critic of DeSantis' actions against Disney, called the feud between DeSantis and Disney "insane" and laid blame with her Republican counterparts.

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