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Florida mulls U-turn on transfer to strip Disney theme-parks of self governing status- FT By Reuters

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© Reuters. FILE PHOTO: Individuals collect forward of the “Competition of Fantasy” parade on the Walt Disney World Magic Kingdom theme park in Orlando, Florida, U.S. July 30, 2022. REUTERS/Octavio Jones/File Photograph

(Reuters) – Florida lawmakers are planning to reverse a transfer that may strip Walt Disney (NYSE:) Co of its proper to function a personal authorities round its theme parks, the Monetary Instances reported on Friday, citing individuals briefed on the plan.

The lawmakers in April gave approval to a invoice ending Disney’s designation as a self-governing entity in an obvious response to its opposition to a brand new state legislation limiting the instructing of LGBTQ points in colleges.

(This story has been corrected to repair the phrase “transfer to strip” from “transfer that stripped” within the headline)

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