Tag Archives: Walt Disney Company

Bloomberg News reports: Walt Disney Co. notified Florida-based employees who are losing temporary legal residency in the US that their jobs would be terminated next month after the Supreme Court ruled Monday that the Trump administration could revoke protections for 350,000 Venezuelans. The company sent an email to employees under Temporary Protected Status on Tuesday stating they had been placed …

The New York Times reports: In a new test for its singularly American brand, the Walt Disney Company said on Wednesday that it had reached an agreement with the Miral Group, an arm of the Abu Dhabi government, to build a theme park resort on the Persian Gulf. The property, the seventh in Disney’s global portfolio, will have a castle …

USA Today reports: Walt Disney shareholders overwhelmingly rejected a proposal calling for the entertainment giant to drop its participation in a benchmark index used to rank companies on how friendly their policies are to LGBTQ+ people. The investor proposal presented Thursday at Disney’s annual meeting by the National Center for Public Policy Research, which describes itself as a non-partisan independent …

The Associated Press reports: Months after Disney and Gov. Ron DeSantis’ appointees agreed to end a protracted legal fight, the two sides are set to approve an agreement that could result in the company investing up to $17 billion into its Florida resort and opens the door to a fifth major theme park at Walt Disney World. The five DeSantis-appointed …

Yahoo Finance reports: Anti-trans advocates failed to pass a measure at Disney’s annual shareholder meeting Wednesday amid the company’s largest, most expensive and contentious proxy contest in recent history. Today, Chloe Cole, a 19-year-old who has spent much of the last two years testifying in support of legislation to ban gender-affirming care for minors, urged Walt Disney Co. shareholders to …

The Orlando Sentinel reports: A Gov. Ron DeSantis-backed board and Disney settled lawsuits Wednesday over who controls the governing district of Disney World’s theme parks and resorts. The Central Florida Tourism Oversight District’s board voted to accept the deal, which ends much of the litigation between Disney and Florida officials. The agreement says development agreements and covenants approved by a …

The New York Times reports: In a victory for Gov. Ron DeSantis of Florida, a federal judge on Wednesday threw out a lawsuit filed by the Walt Disney Company claiming that Mr. DeSantis and his allies violated the First Amendment by taking over a special tax district that encompasses Walt Disney World. Disney said it planned to appeal the ruling. …

Florida Politics reports: Disney is suing its own government for records in the latest escalation in the long legal fight between The Walt Disney Company and Florida Republicans. Disney accused the state-controlled Disney board of taking months to respond to public records requests and self-selecting which records the board does release. Disney filed the lawsuit Friday, the last working day …

Screen Rant reports: Disney celebrates its 100th anniversary with a touching new video featuring clips from many of its most beloved films and attractions. Known as the studio behind animated movies like Snow White, The Little Mermaid, and The Lion King, among countless others, Walt Disney Animation Studios continues to produce hits today, with movies like Frozen and Encanto becoming …

Bloomberg News reports: Walt Disney Co. has held exploratory talks about selling its ABC network and TV stations to local broadcaster Nexstar Media Group Inc., according to people familiar with the discussions. The talks are preliminary and haven’t involved a specific valuation. Disney, in a statement, said that while it’s still considering a variety of strategic options for its traditional …

The Miami Herald reports: The Walt Disney Company will host a major conference promoting lesbian, gay, bisexual and transgender rights in the workplace in Central Florida this September, gathering executives and professionals from the world’s largest companies in a defiant display of the limits of Florida Gov. Ron DeSantis’ campaign against diversity training. Michael Chamberlain, chief marketing officer for Out …

Florida Politics reports: Presented with regretful comments from Disney CEO Bob Iger about consequences for the company’s opposition to the state’s Parental Rights in Education law, DeSantis did not back down from previous critiques of the “Burbank-based” corporation. “We didn’t drag them in, Tucker, they went in on their own,” DeSantis said on Fox News. “And not only opposed the bill. They …

CNBC reports: Bob Iger is back. Disney, in a shocking late Sunday announcement, said it had re-appointed Iger as chief executive, effective immediately, after Iger’s handpicked successor as CEO, Bob Chapek, came under fire for his management of the entertainment giant. Iger is a widely respected and liked figure at Disney. He oversaw its deals to acquire Pixar, Lucasfilm and …

Newsweek reports: Florida Governor Ron DeSantis said on Tuesday that the Walt Disney Company “crossed a line” by announcing its plan to repeal the Florida legislation known as the “Don’t Say Gay” bill, which was officially signed into law on Monday. In a press conference in Tallahassee on Tuesday, DeSantis told reporters, “For Disney to come out and put a …

Via press release from the Walt Disney Company: Florida’s HB 1557, also known as the ‘Don’t Say Gay’ bill, should never have passed and should never have been signed into law. Our goal as a company is for this law to be repealed by the legislature or struck down in the courts, and we remain committed to supporting the national …

Florida Politics reports: The Florida Democratic Party late Tuesday announced it has postponed the annual Leadership Blue conference after numerous members threatened to boycott the weekend-long event. The party received fierce pushback from its LGBTQ+ Caucus in light of The Walt Disney Company’s prior financial contributions to lawmakers who sponsored a controversial bill, HB 1557, which critics have dubbed the …

The Associated Press reports: With some workers across the U.S. threatening a walkout Tuesday, The Walt Disney Co. finds itself in a balancing act between the expectations of a diverse workforce and demands from an increasingly polarized, politicized marketplace. One of the organizers of the walkout, a New York-based employee, said they were expecting participation by workers with the “privilege” …

Variety reports: The Walt Disney Company is working to suspend all business in Russia following the country’s “unprovoked invasion of Ukraine,” a spokesperson said Thursday. Last week, the entertainment and media conglomerate announced plans to halt the release of new movies in Russia, but now the company is taking additional steps to shut down the rest of its operations in …

The Wrap reports: The Walt Disney Company on Friday responded to calls for action over the Florida House of Represenatives’ passage of a “Don’t Say Gay” bill that would limit what classrooms can teach about sexual orientation and gender. However, the media giant sidestepped the bill itself  and instead recommitted itself more broadly to LGBTQ+ rights. “We understand how important …

The Hill reports: The Walt Disney Company is requiring its employees to get the coronavirus vaccine within 60 days. “We are requiring that all salaried and non-union hourly employees in the U.S. working at any of our sites be fully vaccinated,” the company said in a statement Friday. “Employees who aren’t already vaccinated and are working on-site will have 60 …