Posted on 04/25/2022 5:33:41 AM PDT by blam
Disney’s market cap has shrunk by nearly $34 billion since the company expressed its full-throated opposition to a Florida law banning instruction of gender identity and sexual orientation in public schools for kindergarten through third grade.
Florida lawmakers in March passed HB 1557, dubbed by opponents as the “Don’t Say Gay” bill, which was signed into law by Gov. Ron DeSantis on March 28.
That same day, Disney waded deeply into the controversy, issuing a statement highly critical of HB 1557 and saying it was the company’s objective to have it repealed.
From March 28, the day the company issued the statement, to April 22, Disney’s market cap has fallen by around $33.9 billion.
Backers of the legislation say it gives parents more power around deciding how and when topics relating to LGBTQ issues can be introduced to their children. It also gives parents the opportunity to sue school districts for violations of the rules set out in the legislation.
“Classroom instruction by school personnel or third parties on sexual orientation or gender identity may not occur in kindergarten through grade 3 or in a manner that is not age-appropriate or developmentally appropriate for students in accordance with state standards,” the bill (pdf) reads.
DeSantis said on March 28, the day he signed the bill, that “parents have every right to be informed about services offered to their child at school, and should be protected from schools using classroom instruction to sexualize their kids as young as 5 years old.”
On the same day that DeSantis signed the bill, Disney issued a statement saying that “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.”
Disney added that it was the company’s goal “for this law to be repealed by the legislature or struck down in the courts.”
Disney’s declaration of opposition to the bill prompted some parents’ groups to call for boycotts of the company’s products, movies, theme parks, and shows.
Based on 1.82 billion outstanding shares and on the March 28 share price of $136.90, Disney’s market cap stood at some $249.2 billion. With its shares having fallen to $118.27 on April 22, Disney’s value as measured by market capitalization has declined to $215.3 billion, a drop of $33.9 billion.
On April 22, DeSantis signed a legislature-passed bill to dissolve Walt Disney World’s self-governing status in Florida, with potential tax implications for the company.
DeSantis on Friday made reference to Disney’s pledge to have HB 1557 repealed.
Saying “Sorry” I’d often done by replacing the CEO and “balancing the needs of all stakeholders.” Waiting for it...
One of the key players has two kids in the weirdo category.. and one of the Disney heirs is in the change genders or pronouns or something...
◦ Domestic Channels: ABC Television Network (ABC) and eight owned ABC television stations (Broadcasting), and Disney, ESPN, Freeform, FX and National Geographic branded domestic television networks (Cable)
◦ International Channels: Disney, ESPN, Fox, National Geographic and Star branded television networks outside of the U.S.
◦ A 50% equity investment in A+E Television Networks (A+E), which operates a variety of cable channels including A&E, HISTORY and Lifetime
You want to hurt Disney? That's where the boycott has to bite.
Many families enjoy the theme parks, but some cranky fat white guy like you says...get rid of them and you would take that away from people. I smell some envy if your angry rant. Like maybe you did not have the money to take your family to an Orlando vacation . It’s ok, someone has to dig the ditches and clean out the septic tanks. But don’t take your white-collar envy out here. It shows.
Damn, that’s a lot.
I own the BluRays for any of the movies I watch/rewatch.
I don’t watch tv, and when the blacks started kneeling I stopped all sports.
When they close shop in Orlando I hope they restore the facility to its original landscape. Orlando was a beautiful town before Disney.
Why pick one?
Just refuse to buy everything Disney.
We’ve been doing it for years.
It’s no biggie.
Your probably doing better than me
But hey, Jenna Ellis is defending their free ride in court. That’s worth something…
Iger is the vile, leftist scoundrel that brought Disney down the woke path and hired all the lowlifes. Leftist lowlifes at their core are chronically paranoid. Right now they fear the bogeymen of their delusions are coming to get them. It is they who want Iger back to protect them.
That predates my FL time. I lived there from 2000-2013.
Jax, Patrick AFB, and Gainesville…
Only went to Orlando once in 2003 to bar hop.
I don’t think Disney will leave. I can’t imagine what that would cost.
We’ve learned about reproduction in the 8th grade during health class. What is third grade s***?
I can understand teaching kids to be wary of strangers and how to take appropriate action when approached, how to recognize when things are going to get inappropriate and who could be the perps, and evasive actions that should be taken.
But the full Monty at 8 or 9 years of age? No, totally inappropriate.
There’s tons of international visitors to the park.
I don’t think they will care or stop coming.
A lot of Japanese at Disneyland, and lots of Krauts at Disneyworld.
One writer noted that families with kids are no longer their target market, in part because there aren't as many families with kids. Further, many families may be wokesters who LIKE genderless pronouns from greeters etc.
Fair enough. But there simply aren't enough people like that to support the costs of the parks. Further, they're shunning the normals who used to spend a lot of money in the (mistaken) belief that the wokesters will spend more. I believe it is a death spiral.
Until they revamp those faltering business lines, their lifeline is Linear Networks.
“Bulldoze it, all the way down to the dirt including the foundations and throw it in the ocean.”
Then perform an exorcism on the land where it used to sit.
“Jenna Ellis is defending their free ride in court.”
Yes. While the Jan. 6 POWs cool their heels in solitary confinement with no decent legal representation. Good job, Jenna!
And yet many here still support this firm.
They are women right? Or at least the CEO is? I think whole lot of women, especially white women have gone so woke that I don’t even want to be lumped in with them as a woman. They are nasty and they are out to destroy. Just my opinion.
Karens ruin everything.
Disney Florida needs to, instead, focus on how to stop their alligators from eating their child guests.
https://www.latimes.com/nation/la-na-gator-attack-disney-world-20160822-snap-story.html
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