Disney and DeSantis Reach Agreement, Approve New Development Deal

Jun 13, 2024, 01:50 AM

Disney and Governor Ron DeSantis have reached an agreement, ending a protracted dispute. DeSantis' appointees have given final approval to a new development deal for Walt Disney World, effectively burying the hatchet between Disney and the governing district. This resolution comes after Disney opposed a state law known as the 'Don't Say Gay' law, which led to tensions between the company and the state government. Disney has also opened its wallet to support GOP members who backed the controversial law. The agreement was reported by NYT and Disney's stock ticker is $DIS.