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Disney blocks Ron DeSantis with King Charles clause

cnbc.com · 1,103 words · saved by 1 readers

The Walt Disney Co. used a legal clause that name checks King Charles III to apparently thwart Florida Gov. Ron DeSantis’ attempt to strip the company of its self-governance power in the state. For nearly a year, state legislators, encouraged by DeSantis, have sought to exert more control over the company’s Florida-based theme parks by passing a bill that would dissolve Disney’s special tax district. DeSantis also wanted to rename the area the Central Florida Tourism Oversight District and plant a new board of supervisors to oversee it. Until recently, there had been no major public discussion about dissolving Disney’s long-established special district, which it’s occupied for 55 years, leading DeSantis’ critics to question its timing and the speed at which the governor acted against the company. Widely seen as a contender for the 2024 Republican presidential nomination, DeSantis became locked in a bitter and public feud with the entertainment giant over the company’s denouncement of

Disney blocks Ron DeSantis with King Charles clause Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Key Points The public feud between Florida Gov. Ron DeSantis and the Walt Disney Co. rages on after Disney invoked a rare legal clause based on the descendants of the British royal family. Before DeSantis could replace the Reedy Creek Improvement District board of supervisors, that Disney-allied panel signed a long-lasting development agreement that drastically limits his control. Florida legislators have balked at the new agreement, vo

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