Posted on 03/31/2022 12:54:56 PM PDT by Morgana
Some Republican legislators in Florida are considering punishing Walt Disney World for taking a public stand against the so-called 'Don't Say Gay' bill by repealing a 55-year law that allows the company to govern itself.
Florida House Rep. Spencer Roach tweeted on Wednesday that lawmakers held two meetings this week to discuss revoking the 1967 Reedy Creek Improvement Act, which he said 'allows Disney to act as its own government.'
Spencer, a Republican, added: 'If Disney wants to embrace woke ideology, it seems fitting that they should be regulated by Orange County.'
The 1967 act, which was signed by then-Gov Claude Kirk, a Republican, created the Reedy Creek Improvement District, which encompasses about 25,000 acres in Orange and Osceola counties.
The district is governed by its 19 landowners, the biggest of them being Disney World. It is responsible for overseeing land use and providing essential public services, including fire protection, emergency medical services, water services, electricity, sanitation. The district also operates and maintains all public roads and bridges.
(Excerpt) Read more at dailymail.co.uk ...
They DO always win. Not gods. Just DEEP pockets. Which, in America, wins.
No it wouldn’t. It’s part of the Improvement Act. Disney gets the perk and the responsibility. You can’t kill half a deal.
I already gave you that data. Disney had 71B to drop buying Fox. The ENTIRE Florida state budget is 101B. Disney has more more money that Florida.
It won’t. The trials will be can Florida end a 60 year deal, more importantly can they end half. Because THAT’S a legal matter. Bottom line it would be Disney going to court to protect a 60 year old deal. The public will hear that. Nothing about this trial will effect that gay bill.
My stance is to believe almost nothing from most TV/print media sources. 😏
It takes many, many billions of dollars a year to run all of Disney’s operations. If their income falls dramatically because they have attacked their market base, Disney will experience a serious crisis.
Many of their visitors are Disney groupies that are hypnotized by everything Disney. It will have little effect on them. I wish people could shake their Disney worship and perhaps reduce their attendance by 25%, that would be hugh.
It doesn’t take nearly as much as they make. You can tell by the ease with which they throw around billions to expand the empire. Their income isn’t going to fall dramatically. People move on quickly. Especially when you’re dealing with a many faceted empire like Disney. Only the most dedicated Disney hater can remember ALL the tentacles and boycott the whole thing. Most folks have stuff to do besides remember every little piece of a corporate empire.
A long time ago I worked for Disney designing their theme parks. There is no way I would take my grandchildren to any of their theme parks now. A 25% drop in their revenue would be disastrous for them.
“Disney had 71B to drop buying Fox. The ENTIRE Florida state budget is 101B.”
According to Disney’s reporting (DIS:NYSE) the company had net income after taxes in 2021 of $2.536 billion.
This is not more than Florida’s annual budget of over $100 billion.
You are comparing Florida oranges to California’s sour grapes.
Net income after taxes isn’t the war chest. But comprehend the war chest that comes with getting a profit that you actually report of $2.5B during a down year.
No I’m comparing how much money Disney has to spend when they want something, with how much money Florida has to spend PERIOD. Even if we compare to something smaller like the Lucas acquisition. That was $4B. You think Florida can scrape up $4B in lawyers to argue with Disney? Heck let’s just go with yours. Let’s pretend last year’s profit was the ENTIRE Disney war chest. Can Florida scrape $2.5B worth of lawyers?
Disney has more money to spend, YOU just proved it.
Disney’s planning a new ride for kindergartners - at the end of the ride there’s a big announcement Santa’s not real - and either is the Easter Bunny and God is dead.
Disney doesn’t trust stupid parents to tell their children anything...
.
“Orlando gave up an unbelievable amount of real estate, tax breaks and many other perks just to get ‘em to put their parks there..”
Disney quietly bought up over 27,000 acres OUTSIDE of Orlando, much of which was in a different county!
But you don't take $71 billion out of a $2.5 billion after tax annual income in one fell swoop.
Disney most likely borrowed money for the $71B purchase and will repay over a couple of decades with dollars that predictably will be devalued via inflation. The interest rate is low I'm guessing.
That is one reason it is wrong to compare Disney's payments over decades with Florida's annual budget of over $100 billion.
I have acknowledged that Disney is very, very powerful and dangerous company. And corrupt.
I'll concede this too: A Republican governor like Charley Crist, or Jeb Bush would not have a chance standing up to the plastic rat. Neither would a Governor discostu.
Not one of those - and maybe few Republicans in the current Florida legislature - has the knowledge or inclination to stand up to the plastic rat.
They would be scared; you are scared of the plastic rat. I am not going to criticize you for being scared.
Ron Desantis is not scared. Lead on Governor.
$2.5B profit on a down year shows Disney is a company that’s regularly getting billions.
No Disney didn’t borrow for that. They have a war chest. They have a MASSIVE war chest. Keep in mind that was just the most recent, and highest priced acquisition. $4B for Lucas. $4B for Marvel. $7B for Pixar. $10B for 33% of Hulu.
Now most of these deals are probably a mix of cash and stock. But they’re still at least 50% cash NO LOANS. There’s nobody out there to bankroll those kind of loans.
I wouldn’t be dumb enough to get into a pissing contest with Disney. I can see in the Improvement Act that this is a no win situation. Especially when we all know how the news cycle works and all this kerfuffle about the “gay bill” will blow over by tax time.
I’m not scared of the plastic rat. I understand basic math. And I understand how Disney will have a few meetings, lay out some options, and cause these idiots in the legislature rattling their sabres to realize this is a dumb hill to die on. Guarantee this goes NOWHERE. This article will be the last you see of it. By this time next week reality will have been explained to them.
“I understand basic math.”
That is one of the things I’ve questioned. Here’s why.
You are arguing that Disney’s worldwide workforce of 190,000 can generate more after tax money every year than the state of Florida can generate by taxing 21.5 million residents and 118 million visitors per year.
And you have argued that $2.5 billion is larger than $100 billion.
And you have argued - inexplicably - that Disney will stop repeal of the archaic Reedy Creek Improvement District law which - you claim - would make “Florida pay though the nose” in order to preserve the status quo which now makes Disney pay though the nose.
I’m not following your thinking.
Set aside for a moment that the Disney business model involves being in bed with Red Chinese genocide and some the worst human perversions.
No. I didn’t say that. I said a company that can generate $2.5B in profit in a year with all kinds of issues that brought down there revenue will be able to BUILD a war chest that far exceeds what the state of Florida has to throw around in a legal case.
Florida’s ENTIRE budget is $101B. As I asked you multiple times already: how much of that will they be able to spend on this lawsuit? We already know Disney can throw around chunks of money that can build NFL stadiums. What’s Florida got in their pockets? Take a comparative example in NY state. They’re forking over $800M to build the Bills a new stadium, and in order to do it they’re cutting $800M from all kinds of other projects. States don’t war chests. Disney has a war chest.
Disney will fight it. It’s far too convenient for them not to. More importantly IF the legislature ends it they’ll get stuck with the bill for the services. Because with the Act canceled it’s not Disney’s problem anymore. And I guarantee the counties and town in that zone don’t want anything to do with it. Probably what’ll happen is the counties and town will sue to make the state pick up the bill, and they’ll use lawyers Disney pays for.
No you’re not following your own made up version of my thinking. What you put down as “my thinking” bear almost no resemblance to what I said. You made up crap and then insist the crap you made up makes no sense. That ain’t on me.
The Disney business model doesn’t matter in this. I’m not telling you who I want to win. That’s immaterial. I’m telling you who WILL win. Never bet against Disney. They ALWAYS win.
“Disney will fight it. It’s far too convenient for them not to. More importantly IF the legislature ends it they’ll get stuck with the bill for the services.”
If the state of Florida will end up paying for the services for Disney, why would Disney fight that?
Because they want the carte blanche to build what they want when they want.
That’s the deal of the Improvement Act. Disney (and some other companies tied into it that really don’t matter) are basically the government. They can build anything they want and not have to go throw any form of zoning or approval BUT they have to provide standard municipal services. If Florida kills the Act Disney has to go through approval, they don’t want that. But if you kill the Act Disney et al will be off the hook for the municipal services. THAT is the lever Disney will use to get Florida not to kill the act. Like I said in my very first post that you replied to.
And that brings us full circle. For probably the 4th time. So this has gotten boring. And I’m gonna go watch The Godfather. See ya.
Why not?
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