Back in April, Republican presidential candidate Nikki Haley mocked Florida Gov. Ron DeSantis for his battle with the Walt Disney Co. by lobbying the entertainment giant to set up shop in her home state, South Carolina.
The former South Carolina governor invited Disney to relocate Disney World from Orlando.
“If Disney would like to move their hundreds of thousands of jobs to South Carolina, and bring billions of dollars with them, I’ll be happy to meet them in South Carolina, and introduce them to the governor and Legislature that would welcome them,” Haley told Fox News at the time.
Yet DeSantis may get the last laugh.
Read: Florida Rep. Matt Gaetz: Dems Are “Green-Lighting” Trump’s Assassination With Dictator Rhetoric
South Carolina has essentially told Disney it no longer wants its business.
South Carolina state Treasurer Curtis Loftis, a Republican, announced in a press release on Tuesday that the state yanked Disney from the state’s list of approved investments.
The decision means that none of the $105 million in Disney debt holdings South Carolina owns will be replaced once they mature.
Loftis cited increasing concerns with Disney’s “political agenda,” according to the press release.
“Disney has abandoned its fiduciary responsibilities to its investors and customers by joining far-left activists in boycotting legal, taxpaying, employment-creating corporations to further Disney’s political agenda,” Loftis said in a press release.
“Multi-billion-dollar corporations should not engage in boycotts designed to silence legitimate debate. Since America’s founding, freedom of speech has been one of its core principles, and Disney should not engage in nefarious practices aimed at silencing those with less power and money.”
Read: SEC Filing Shows How Disney’s Culture War With Florida Gov. DeSantis Is Affecting Bottom Line
Disney provoked DeSantis and GOP lawmakers in 2022 by opposing the state’s Parental Rights in Education, which banned school districts and classroom teachers from implementing lesson plans based on gender identity or sexual orientation in grades K-3.
This year, the law was expanded to include all grades.
Disney vowed to fight the law, pleading to get it overturned in the courts or repealed in the Legislature. That has not happened.
More recently, Disney pulled its advertising from X (formerly Twitter) after a left-wing media outlet, Media Matters, concocted a scheme to make it look like the social media platform and its owner, Elon Musk, promoted anti-Semitism.
Musk, in response, said he didn’t want the funding of any company that tried to “blackmail” him through withholding advertising dollars. “Go f–k yourself,” Musk told an audience at a forum where he was asked about Disney and others fleeing X.
Yet, as the Tampa Free Press reported last month, Disney admitted in a Securities and Exchange Commission filing that its woke, left-wing activism is hurting its bottom line.
Read: Federal Judge To Hear Arguments In Florida Disney, DeSantis Battle
The company admitted it now faces risks because of a “misalignment with public and consumer tastes and preferences for [its] entertainment, travel, and consumer products.” That misalignment adversely affected revenues and profitability because “our offerings and products available to consumers do not achieve sufficient consumer acceptance.”
Disney, which has openly promoted an increasing amount of LGBTQ and anti-white content in its offerings, also admitted that “consumers’ perceptions of our position on matters of public interest, including our efforts to achieve certain of our environmental and social goals, often differ widely and present risks to our reputation and brands.”
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