Disney has billions in cash on hand, and they can probably* write off the theoretical loss in value of their park when stripped of their IP if they were to sell it. The main realized financial losses would come from closing the park before they could build the replacement, or expending the resources on building another park and it not having the same (or probably more) revenue as their existing park, and even then you're not really talking about a 'loss', you're talking about the relative value of a new park versus the existing one. DeSantis made the right move from a ideological, political, financial, and moral standpoint here. Disney may take an insignificant (relative) loss because a handful of people don't like that the state of Florida made it more illegal to groom children, but it's way less than what they'd take by closing/ moving the park, and DeSantis knows it.
*(I'm not a tax accountant, so I could be very wrong here)
With a stroke of a pen, Disney's near-governmental authority over the Reedy Creek area (which includes the Florida parks) disappears. Why should a corporation have powers beyond any other property owner? They only have it because of massive bribes during the 60s.
Also, they lied during their petition because EPCOT as it was originally pitched was never built, and instead a bunch of theme parks (including a counterfeit substitute EPCOT was built that was just another theme park). That alone should have revoked their charter.
If Disney picks a fight, I hope DeSantis puts them down.
What's Disney going to do? Move the park? That is a lot of capital they can't afford.
Disney has billions in cash on hand, and they can probably* write off the theoretical loss in value of their park when stripped of their IP if they were to sell it. The main realized financial losses would come from closing the park before they could build the replacement, or expending the resources on building another park and it not having the same (or probably more) revenue as their existing park, and even then you're not really talking about a 'loss', you're talking about the relative value of a new park versus the existing one. DeSantis made the right move from a ideological, political, financial, and moral standpoint here. Disney may take an insignificant (relative) loss because a handful of people don't like that the state of Florida made it more illegal to groom children, but it's way less than what they'd take by closing/ moving the park, and DeSantis knows it.
*(I'm not a tax accountant, so I could be very wrong here)
With a stroke of a pen, Disney's near-governmental authority over the Reedy Creek area (which includes the Florida parks) disappears. Why should a corporation have powers beyond any other property owner? They only have it because of massive bribes during the 60s.
Also, they lied during their petition because EPCOT as it was originally pitched was never built, and instead a bunch of theme parks (including a counterfeit substitute EPCOT was built that was just another theme park). That alone should have revoked their charter.
If Disney picks a fight, I hope DeSantis puts them down.