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

Dec 2 (Reuters) - Florida lawmakers are mulling plans to reverse a determination that would portion Walt Disney Co (DIS.N) of its close to run a backstage authorities astir its celebrated theme-parks, the Financial Times reported connected Friday, citing radical briefed connected the plan.

In April, lawmakers had fixed their last approval to a measure ending Walt Disney's designation arsenic a self-governing entity, successful an evident effect to its absorption to a authorities instrumentality limiting the teaching of LGBTQ issues successful schools.

The caller instrumentality would besides mean that Disney would person to wage much taxes, authorities politician Ron DeSantis had said successful April erstwhile helium signed the bill. work much

The authorities lawmakers are moving connected a compromise that would let Disney to support the statement mostly successful spot with a fewer modifications, the FT study said.

A spokesperson astatine DeSantis' bureau said that the politician "does not marque U-turns," but added that a program was successful the works and would soon beryllium released.

"We volition person an adjacent playing tract for businesses successful Florida, and the authorities surely owes nary peculiar favors to 1 company. Disney's debts volition not autumn connected taxpayers of Florida."

The FT study added that the instrumentality of Bob Iger arsenic CEO past period could assistance pave the mode for a solution connected the law.

The measure signed successful outpouring this twelvemonth by DeSantis eliminates peculiar governing jurisdiction that allowed the institution to run Walt Disney World Resort arsenic its ain city.

Disney had condemned Florida's LGBTQ authorities dubbed arsenic "don't accidental gay" measure by critics, which bans schoolroom acquisition connected intersexual predisposition oregon sex individuality for children successful kindergarten done 3rd grade.

Disney did not respond to a petition for comment.

Reporting by Akanksha Khushi and Jahnavi Nidumolu successful Bengaluru; Additional reporting by Rhea Binoy; Editing by Dhanya Ann Thoppil and Shailesh Kuber

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