Disney CEO Bob Iger on Monday said any retaliatory actions by Florida Gov. Ron DeSantis and the Republican-controlled Florida Legislature against the company that threaten jobs or expansion at its Florida resort is not only “anti-business ... but anti-Florida.”
Answering a question during an online shareholders' meeting, Iger said that the Republican governor and lawmakers appeared to be retaliating against the company for exercising its constitutional rights. He referred to the incident last year when Disney criticized Florida's law dubbed by critics “Don't Say Gay” while Bob Chapek was helming the company at the time. The measure bars instruction on sexual orientation and gender identity in kindergarten through third grade, as well as lessons deemed not age-appropriate.
In response, Florida lawmakers passed, and DeSantis signed, legislation revamping the government-like board that oversees Walt Disney World's 27,000-acre (11,000-hectare) property outside Orlando. Among the changes the legislation made was that the Florida governor got to pick the five supervisors of the governing board instead of it being controlled by Disney, as it had been in its previous 55 years.
During the shareholders’ meeting, Iger declared the company’s love for the state of Florida, noting it was the largest taxpayer in the state and employed around 75,000 workers. The company has plans to make $17 billion in investments at Disney World over the next 10 years that will create an additional 13,000 jobs, he said.
Iger acknowledged that there may have been some missteps in how Disney initially responded to the Florida legislation — the company took its time in speaking out against it publicly, and only after Disney employees exerted internal pressure. But he said the company, which is based in Burbank, California, had a right to free speech, just as individuals do.
Some shareholders during the question-and-answer period of the meeting criticized the company for promoting a “woke” agenda, while a Disney employee thanked Iger for supporting the company's workers. Iger responded that Disney's primary goal is to entertain and is not driven by an agenda.
By taking on Disney, DeSantis attempted to further his reputation as a culture warrior willing to battle perceived political enemies and wield the power of state government to accomplish political goals, a strategy that is expected to continue ahead of his potential White House run.
But the DeSantis-appointed supervisors said last week at the second meeting of the revamped board that their predecessors had pulled a fast one on them by passing restrictive covenants that strip the new board of most of its powers.
Disney has said all agreements were above board and took place in public.
DeSantis on Monday asked Florida's chief inspector general, with help from the Florida Department of Law Enforcement, to launch an investigation into the actions of the previous board.
DeSantis said in a letter to chief inspector general that any legal or ethical violations should be referred to “the appropriate authorities.”
“Disney is again fighting to keep its special corporate benefits and dodge Florida law,” DeSantis spokesman Jeremy Redfern said in an email. “We are not going to let that happen. As Governor DeSantis recently said, ‘You ain’t seen nothing yet.’”
The New York Times and President Donald Trump are fighting again. The news outlet said Wednesday it won't be deterred by Trump's “false and inflammatory language” from writing about the 79-year-old president's health. The Times has done a handful of stories on that topic recently, including an opinion column that said Trump is “starting to give President Joe Biden vibes.” In a Truth Social post, Trump said it might be treasonous for outlets like the Times to do “FAKE” reports about his health and "we should do something about it.” The Republican president already has a pending lawsuit against the newspaper for its past reports on his finances.
OpenAI has appointed Slack CEO Denise Dresser as its first chief of revenue. Dresser will oversee global revenue strategy and help businesses integrate AI into daily operations. OpenAI CEO Sam Altman recently emphasized improving ChatGPT, which now has over 800 million weekly users. Despite its success, OpenAI faces competition from companies like Google and concerns about profitability. The company earns money from premium ChatGPT subscriptions but hasn't ventured into advertising. Altman had recently announced delays in developing new products like AI agents and a personal assistant.
President Donald Trump says he will allow Nvidia to sell its H200 computer chip used in the development of artificial intelligence to “approved customers” in China. Trump said Monday on his social media site that he had informed China’s leader Xi Jinping and “President Xi responded positively!” There had been concerns about allowing advanced computer chips into China as it could help them to compete against the U.S. in building out AI capabilities. But there has also been a desire to develop the AI ecosystem with American companies such as chipmaker Nvidia.
U.S. sports betting is booming as NFL and college football fuel massive activity. BetMGM CEO Adam Greenblatt breaks down trends, growth, and what’s next.
President Donald Trump says a deal struck by Netflix last week to buy Warner Bros. Discovery “could be a problem” because of the size of the combined market share. The Republican president says he will be involved in the decision about whether federal regulators should approve the deal. Trump commented Sunday when he was asked about the deal as he walked the red carpet at the Kennedy Center Honors. The $72 billion deal would bring together two of the biggest players in television and film and potentially reshape the entertainment industry.
Disney's changes to a program for disabled visitors are facing challenges in federal court and through a shareholder proposal. The Disability Access Service program, which allows disabled visitors to skip long lines, was overhauled last year. Disney now mostly limits the program to those with developmental disabilities like autism who have difficulty waiting in lines. The changes have sparked criticism from some disability advocates. A shareholder proposal submitted by disability advocates calls for an independent review of Disney's disability policies. Disney plans to block this proposal, claiming it's misleading. It's the latest struggle by Disney to accommodate disabled visitors while stopping past abuses by some theme park guests.
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