cityagboy said:

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I can't reply to everyone. Y'all come fast and hard over here. LOL.

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How did this thread get to 6 pages without the obligatory "That's what she said"?

aggie93 said:

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Two things:

1. If you think this has been a pleasant experience for Disney you are delusional. They lost tens of billions in value, had massive brand damage, and fired their CEO. The message was sent not only to Disney but to other companies. The fact they may or may not be able to limit the damage is secondary. If you think this was truly about how much Disney pays in taxes on their property at Disneyworld you are lost in the weeds.

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They should stop sexualizing children. It's simple.

Ellis Wyatt said:

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aggie93 said:

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Two things:

1. If you think this has been a pleasant experience for Disney you are delusional. They lost tens of billions in value, had massive brand damage, and fired their CEO. The message was sent not only to Disney but to other companies. The fact they may or may not be able to limit the damage is secondary. If you think this was truly about how much Disney pays in taxes on their property at Disneyworld you are lost in the weeds.

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They should stop sexualizing children. It's simple.

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Yep, but to paraphrase a former sip coach, that's a core Disney Inc. value these days. They'll go all Rick Astley on that one.

I would be entirely unsurprised to see Disney stock around half its present value in a year. They are hemorrhaging money on all the direct to consumer stuff (and in a FJB economy I dunno how many will pay annually for things like ESPN+/Disney + or whatever?), pissing off half the country (and most of the parents), while trying to fight a political battle over...some piss ant amount of tax money differences with the florida governor. Clay Travis has been on them for many years (not just the ESPN side);

So ESPN+ has already essentially stopped growing and missed forecasts by almost a million subscribers. Not great, Bob. Means the @espn broadcast network is losing subscribers & streaming, which is losing tons of money, is no longer growing. Looks like two bad businesses to me. https://t.co/rjFsGKl9tM

— Clay Travis (@ClayTravis) February 8, 2023

Disney has two options with @espn: 1. Roll rapidly collapsing business profits into other more lucrative business investments at company. 2. Sell or spin off ESPN for as much cash as you can while you still can. Neither are great options. Conclusion is inevitable now: ESPN’s a…

— Clay Travis (@ClayTravis) February 8, 2023

Frankly, it looks like analysts are catching a clue on this one;



Or maybe they will find a way to break up/spin-off the parks business, I dunno.

blacksox said:

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one MEEN Ag said:

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Not a legal scholar (check the username) but I assume this is eventually going to go the Florida supreme court under the question of, 'how much power can a corporation wrestle away from the state before they run afoul of sovereignty claims.'

It seems that Disney's move puts the state as subservient to the corporation against the state's will. Disney's move probably won't survive a conservative supreme court's opinion.

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Well, that's a swing and a miss. The question is if meatball Ron can abuse his power as governor enough to undue, sidestep or end around the covenants enacted by Reedy.

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You missed the part where the bill was passed by the legislature and signed into law by DeSantis. It wasn't an EO that DeSantis issued.

blacksox said:

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one MEEN Ag said:

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Not a legal scholar (check the username) but I assume this is eventually going to go the Florida supreme court under the question of, 'how much power can a corporation wrestle away from the state before they run afoul of sovereignty claims.'

It seems that Disney's move puts the state as subservient to the corporation against the state's will. Disney's move probably won't survive a conservative supreme court's opinion.

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Well, that's a swing and a miss. The question is if meatball Ron can abuse his power as governor enough to undue, sidestep or end around the covenants enacted by Reedy.

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Reedy was created by the State and the State can and has taken it away. DeSantis has stepped on every base as he went and used the Legislature to do so. Everyone forgets that DeSantis himself is a Harvard trained lawyer and he has a lot of other very, very smart people around him. In the end he also has a tremendous amount of power as Governor as well and Courts and a Leg on his side, Disney has decided they didn't learn a lesson the first time and now they are going to get kicked in the balls since the slap on the face wasn't enough.

Ellis Wyatt said:

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aggie93 said:

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Two things:

1. If you think this has been a pleasant experience for Disney you are delusional. They lost tens of billions in value, had massive brand damage, and fired their CEO. The message was sent not only to Disney but to other companies. The fact they may or may not be able to limit the damage is secondary. If you think this was truly about how much Disney pays in taxes on their property at Disneyworld you are lost in the weeds.

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They should stop sexualizing children. It's simple.

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DeSantis can't stop Disney from selling Conference rooms to people he doesn't like. It's not only an abuse of power and likely illegal it would be unpopular. Instead he is going to hurt Disney in other ways until they finally figure out that they need to change their ways or get bought out because shareholders don't like losing billions for social justice causes that most people don't even agree with.

DeSantis is a rifle not a shotgun. He picks his target, lines up his sites, and then he shoots it right where it is weakest. That's why he is so effective. He sees the end goal but understands that if you just come out blazing without thinking things through before you know it you are the one who gets shot. BTW that's a lesson Trump has not nor will he ever learn.