Disney Empire Strikes DeSantis Back — After Ron Wanted To Move On
Portfolio Pulse from Anthony Noto
Walt Disney Co (NYSE:DIS) is involved in a legal dispute with Florida Governor Ron DeSantis over development contracts for Orlando land. The conflict arose after Disney spoke out against DeSantis' 'Don't say gay' law, leading to the governor's retaliation by tearing up the contracts. Disney's attorney is seeking to ensure that the previously agreed-upon contracts remain in place. The ongoing drama is not helping DeSantis' presidential campaign.
August 18, 2023 | 7:08 pm
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Disney is involved in a legal dispute with Florida Governor Ron DeSantis, which could potentially impact its business operations in Florida.
The ongoing legal dispute with the Florida Governor could potentially disrupt Disney's business operations in the state. This could negatively impact the company's revenues and profitability, leading to a potential decrease in its stock price.
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