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In
April, lawmakers had given their final approval to a bill ending
Walt Disney's designation as a self-governing entity, in an
apparent response to its opposition to a state law limiting the
teaching of LGBTQ issues in schools.
The new law would also mean that Disney would have to pay more
taxes, state governor Ron DeSantis had said in April when he
signed the bill.
The state lawmakers are working on a compromise that would allow
Disney to keep the arrangement largely in place with a few
modifications, the FT reported.
Meanwhile, the return of Bob Iger as CEO last week could help
pave the way for a resolution on the law, the FT report said.
The bill signed in spring this year by governor Ron DeSantis
eliminates special governing jurisdiction that allowed the
company to operate Walt Disney World Resort as its own city.
Disney had condemned Florida's LGBTQ legislation dubbed as
"don't say gay" bill by critics, which bans classroom
instruction on sexual orientation or gender identity for
children in kindergarten through third grade.
The bill to strip Disney of its self-governing authority was
signed soon after and was seen as an attack on the company for
its political stance.
Representatives for Disney and Florida governor Ron DeSantis did
not immediately respond to a Reuters request for comment.
(Reporting by Akanksha Khushi in Bengaluru; Editing by Dhanya
Ann Thoppil)
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