Is the Disney-DeSantis Feud Really Over? Disney Resumes Donating to Florida Lawmakers

The Walt Disney Company (NYSE: DIS) has resumed providing in-kind donations to political committees and lawmakers in Florida, following a two-year pause due to a feud with Governor Ron DeSantis over the controversial “Don’t Say Gay” bill. 

The Orlando Sentinel reported that Disney gave more than $87,000 worth of nonmonetary contributions in April and May. While the company has not donated to DeSantis per se, it has donated to some Republican lawmakers who supported the bill, which restricts discussions of gender and sexual orientation in classrooms.

Recipients of Disney’s in-kind donations include committees affiliated with Republican state senators Jason Brodeur and Joe Gruters, as well as Representative Josie Tomkow, all of whom voted in favor of the Parental Rights in Education Act. 

However, the company’s largest single in-kind contribution, amounting to $28,487, went to Daley for Florida, a committee supporting Democratic state Representative Dan Daley.

The resumption of political donations comes after Disney and DeSantis settled their legal battle in March, which had stemmed from the governor’s takeover of the special tax district overseeing Walt Disney World in response to the company’s opposition to the bill. Despite the settlement, Democratic Senator Geraldine Thompson said that Disney headquarters has not yet approved monetary donations.

Also read: Florida Governor Ron DeSantis Tries to Walk Away from Disney Feud Amid Struggling Presidential Campaign 

In related news, the Central Florida Tourism Oversight District, now controlled by DeSantis’ appointees, approved Disney’s $17 billion development deal on Wednesday. The deal allows Disney to invest billions in its Walt Disney World properties over the next 10 to 20 years, potentially including the construction of a fifth park. 

In exchange, Disney must award half of the related construction work to Florida-based businesses, spend $10 million on affordable housing projects, and donate 100 acres of land to the tourism district.


Information for this story was found via Insider, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Gold’s Wild Bull Run: Are Markets About to Break? | Mike McGlone

First Majestic Silver: The Santa Elena Mine

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Trump’s Flip-Flop On Disney Flipping DeSantis

As if the Republican presidential nomination battle isn’t petty enough, former President Donald Trump is...

Tuesday, May 30, 2023, 06:24:00 AM

Florida Prosecutors Treated Teenage Victims as ‘Criminals’ in 2006 Epstein Investigation, Newly Unsealed Transcripts Reveal

Recently released grand jury transcripts from the 2006 Jeffrey Epstein case in Palm Beach County,...

Tuesday, July 2, 2024, 02:52:00 PM

Disney Wins Board Seat Fight Against Nelson Peltz’s Trian

The Walt Disney Co (NTSE: DIS) has fended off a high-profile board challenge from activist...

Wednesday, April 3, 2024, 12:16:00 PM

Disney Flips The Bird To Florida’s Ron DeSantis, Pulls $1-Billion Development Project

In the midst of its ongoing legal battle with Florida’s governor, Ron DeSantis, the Walt...

Friday, May 19, 2023, 04:01:00 PM

Disney Narrows Streaming Losses, But Also Lost Subscribers In Fiscal Q2 2023

Walt Disney Co (NYSE: DIS) announced on Wednesday that it cut streaming losses by $400 million...

Thursday, May 11, 2023, 02:16:00 PM