Florida Governor Ron DeSantis has signed a controversial bill dissolving Walt Disney World's self-governing status in the state.
The move is seen as retribution for Disney's opposition to the state's so-called "Don't Say Gay" bill.
The company's status in the state in effect allowed Disney to operate as its own municipal government.
It included the ability to levy tax, build roads, control utilities and operate its own fire department.
The Florida bill will eliminate Disney's Reedy Creek Improvement District and several others.
The measure, however, allows for districts to be re-established in the future.
At a bill signing ceremony on Friday, Mr DeSantis accused Disney of lying about the controversial bill, which bars many primary school classrooms from discussing sexual orientation.
"You're a corporation based in Burbank, California, and you're gonna marshal your economic might to attack the parents of my state," he said.
"We view that as a provocation, and we're going to fight back against that." READ MORE...
