Chapek was seen as an ace on park ops, whereas Iger is the content guru., Investors have apparently come to realize how vital content production is for Disney, and they want someone that they can trust to make good decisions surrounding that content. Check out the newest 100th anniversary pins that you can get on Amazon now! At first glance, it seems that the shift in leadership doesnt make sense when it comes to this issue. DeSantis signed the Dont Say Gay bill into la and then stripped Disney of its autonomous statusover its theme parks in and around Orlando. We shall see. If you support a bill that doesnt embrace the same values your company stands for, then its pretty clear that youre not a good fit for the company. Thats a core focus for me. March began with the media giant's helmsman under attack by theme park enthusiasts upset about recent revenue-enhancing moves . When not at Disney World, Luke will probably be found defending Cosmic Ray's Starlight Cafe to people who claim "there are better restaurants". Pat Sajak Defends Contestants Who Failed to Solve Wheel of Fortune Puzzle, Shoppers Find Major Error on New Disney Dooney & Bourke Design, Inside the Magic Your Ultimate Source for Themed EntertainmentCoverage, Disney Guest Left In Tears After Miracle Dining Experience, he does not like being called a cost-cutter, petition to remove him gaining a lot of traction recently, Orlando Theme Park Smacked With Lawsuit After Family Leaves Assaulted, Disney CM Physically Prevents Child From Hugging Character, Garners Backlash. There's been a HUGE update with the battle for Disney's Reedy Creek Improvement District -- Disney World's new 100th anniversary popcorn bucket is HERE. Amber Heard's Twitter disappears after ex Elon Musk's $44B King Charles to evict Harry and Meghan from Frogmore Cottage so he can give it to Andrew, 'Elvis' star Austin Butler was rushed to ER after 'body just started shutting down', Teacher says she did NOT confiscate student's Nintendo Switch before vile beating, Golnesa GG Gharachedaghi admits to losing 11 pounds on Ozempic, Prince Harry: Why I got in trouble with Meghan Markle at start of relationship, King Charles evicting Harry, Meghan from Frogmore Cottage, giving to Andrew, Gina Carano's Character Officially Written Out Of 'The Mandalorian' After Cancel Culture Backlash, Meghan Markle, Prince Harry have first night out since bombshell 'Spare' released. Save my name, email, and website in this browser for the next time I comment. However, Morrell reports that Chapek rejects taking political stances because he is determined that Disney remains a place where everyone is treated with dignity and respect.. Little things to a lot of people add up to big things for families with limited time and money for park visits that the average family saves for a long time. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. What would its impact have on our employees, on our shareholders, and our customers? Disney World Shares Important Warning About Sci-Fi Dine-In Restaurant, Governor DeSantis Reveals WARNING He Gave Former Disney CEO Bob Chapek on Dont Say Gay Controversy. Last week, former CEO Bob Iger weighed in on a political debate in Florida regarding the Dont Say Gay bill in a tweet. As Florida Gov. This is most noticeable with Disneys new Genie, Genie+, and Lightning Lane services, as many Guests either do not want to pay what their cost, or think the old systems were better. At this rate, Disney will eventually become just another money-making operation for its management & shareholders; not for the benefit of the employees or visitors. Chapek later apologized for the lack of action and said that Disney was opposed to the bill from the outset., As an explanation for his silence, Chapek said that public statements from large corporations are weaponized by one side or the other to further divide and inflame. When he was criticized by guests and employees for the companys silence, he apologized and went on to openly oppose the bill. Surprisingly,Bob Chapek declared for the first time publicly that The Walt Disney Company would attempt to exit politics and ideology going forward. For official Disney information, visit Disney directly. The nearly century-old company has been dragged for becoming too politically correct, famously clashing with Republican Florida Gov. "That young boy could have never imagined that one day he would get the chance to lead this extraordinary company as the seventh CEO in its nearly 100-year history.". Photo Credit: AP Photo/Richard Drew, File In 1981, he graduated with the degree in bachelor of science in microbiology. 5 Huge Problems Exposed by Disneys TRON Coaster Previews. There's been a CHANGE in how you dine at Topolino's Terrace in Disney World. Copyright 1996-2023 AllEarsNet, LLC, All Rights Reserved. Chapek also gave himself a review of leading the company, especially after the company showed reluctance to get involved in Floridas political debate. "When I was growing up in Hammond, Indiana, the son of a World War II veteran and working mother, my parents would take us on a family vacation to Walt Disney World every year," Chapek said on the call with analysts. Walt Disney CEO Bob Chapek claims the company is not left or right leaning, and that everyone agrees Disney has the power "to unite us all." But Chapek's claims come after two thirds of Americans say the multimedia company has taken political correctness too far. It's been a rough month for Walt Disney (DIS 0.83%) CEO Bob Chapek. Chapek took on the role of CEO back in February of 2020 from Bob Iger, right before the entire world shut down due to the COVID-19 pandemic. Chapek is the finance guy, after all, so he should be able to get the numbers where Disney wants them. callback: cb Here's what you can expect to get out of your EPCOT After Hours ticket! affiliated with, authorized or endorsed by, or in any way officially connected with, The Walt Disney Stay out of it and take everyones money! document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. I think he is coming up for air and you will hear about him and things he will be doing and his wife Willow [Bay] will be doing in the future.. The Disney company has been embroiled in a clash with Florida Republican . Your email address will not be published. Not spiking the football at all, just yet.Frequent visits to Disney in the 90s and 2000s were fantastic. Its Going to Happen Celebrity Comments on the Possibility of a Disney Movie Sequel! In general, Iger seems to be more adept at handling sensitive topics and inspiring confidence as a charismatic leader. Did you really think hed have anything negative today? Dies geschieht in Ihren Datenschutzeinstellungen. Is he the same executive as I am, or Bob [Iger] is, or anybody is? The companys shares have been under pressure this week as investors solidify positions ahead of the companys fourth quarter earnings release on Nov. 8. To many, this response, or lack thereof, was not satisfying at all, lacking any true agency. So again, you couldnt care let about the average guests. These are complex social issues where we absolutely, positively want to represent the needs and the expectations of our cast members, but we also realize that sometimes in such a divided world, theres not alignment between what possibly large constituencies of our guest and consumer base are looking for in terms of the kind of content that they want to show their kids at this particular time, Chapek told THR. Chapek hesitated to take a stand on the bill, drawing criticism from company employees. But I guess they are only tolerant if you agree with them on everything.that doesnt sound like freedom of thought to me, Not saying something is absolutely a political statement. He is not 25 years old, as Im not. pic.twitter.com/XYUWRvlSu1, Sophia Pino (@sophiapino) July 30, 2022. He did a very good job in the parks. Walt Disney World in Lake Buena Vista, Fla, Dec. 14, 2021. Things between Florida and The Walt Disney Company so much that Florida Gov. Now, the company's CEO Bob Chapek sent a company-wide email obtained by Blog Mickey. 2023 NYP Holdings, Inc. All Rights Reserved, Gina Caranos Mandalorian character will remain in the show, Ex-Disney CEO griped to DeSantis about pressure to slam Fla.s Dont Say Gay bill: book, Florida Gov. Really Mr. Eisner? Youre either for inclusion or youre not, political stance notwithstanding. Robert Alan Chapek (born 1960) is a former American media executive who was the chief executive officer (CEO) of The Walt Disney Company from 2020 to 2022. I doubt he has any concept of how long people save to visit Disney. Iger was the architect of the streaming strategy and still seems wedded to it.. The fallout from Bob Chapek's ouster at Disney continues, with his comments about animation reportedly undermining Disney and Pixar employees.. No one says the company shouldnt make a profit but strategy to do so could use another look. Chapek has had a relationship with Scalise for some time. Susan Arnold, chairman of the board, said, The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the company through this pivotal period.. Now, of course, taking control of a company during a. One of his "hallmarks" was refocusing the segment around franchises rather than categories, CFO Jay Rasulo said at a media conference in 2014. AllEars Merchandise | His contract was extended by 3 years in June 2022, which many believed to be a vote of confidence from the board (Bloomberg). Walt Disney Co. CEO Bob Chapek apologized to employees at the company for the company's handling of Florida's so-called "Don't Say Gay" bill and said that it would be pausing political . After weeks of internal strife and external controversy surrounding the Walt Disney Company's lack of public response to the "Don't Say Gay" legislation in Florida, CEO Bob Chapek announced in a company email on Friday that Disney will pause all political donations in the state during a restructuring of its political giving framework.. Chapek also apologized directly to the company's . Disney CEO Denies Political Leanings Following Gina Carano Firing During annual shareholder call, CEO Bob Chapek maintains the media giant isn't 'left leaning or right leaning,' but instead stands for the universal values of respect, decency, integrity, and inclusion. The Florida bill, deemed as the Dont Say Gay bill, is now expected to pass the State Senate and be signed into law very soon. nbc-2.com - Dave Elias 14h. The December 8th changes represent a 38% price increase. He is 61 years old as of 2021. It was recently reported by Hollywood screenwriterKamran Pasha that Bob Chapek, who serves as The Walt Disney Companys CEO, spoke with Kareem Daniel (Chairperson of Disney Media and Entertainment Distribution) at El Capitan Theatre in front of an audience on Thursday. Please take a moment to review our privacy policy and terms of use. We respect your right to privacy. event : evt, Chapek has picked his preferred party and is saddling up to them. Now, of course, taking control of a company during a pandemic is no easy task and a lot of issues cannot and should not be blamed on Chapek. Bob Chapek Salary. Before becoming CEO, Chapek had a 26-year career with The Walt Disney Company, beginning in the Home Entertainment division, and eventually rising to become Chairman of Parks . Best Disneyland Restaurants for First-Timers! FULL LINEUP Announced for the 2023 EPCOT Flower and Garden Festival Garden Rocks Concert Series. Definitely the weakest link in the Disney chain, grossly overpriced and poor quality. And, again, I guess thats another way of saying, Catering to your audience. But the world is a rich, diverse place and we want our content to reflect that. Lets take a look at the key differences between Iger and Chapek that might have inspired this change. The last year or so has been quite a turbulent one for The Walt Disney Company. On Monday, Chapek sent a Morrell-approved company-wide email claiming that he preferred to speak through Disney content and behind-the-scenes machinations. A story thatThe Hollywood Reporter recently put out talked about a few executives who are close to Bob Chapek, revealing his stance on this new bill and the current political climate. The material on this site may not be reproduced, distributed, transmitted, cached, or otherwise used, except with the prior written permission of Inside the Magic. However, to most, the prospect of improved inclusivity and diversity is an incredibly welcome one that we cant wait to see more of in Disney Parks, movies, music, and television. Price increases for Disney theme park tickets have been a staple for as long as the parks have been open, so its unlikely that well see those stop now. Chapek's response marked a change in tone for Disney, which had previously been led by an outspoken CEO who had famously considered running for president. subsidiary, affiliated and related companies. We must take sides. Related:Disney Attraction Building Now Officially Closed, Inaccessible to Guests. If passed, this bill will put vulnerable, young LGBTQ people in jeopardy. He belongs to mixed ethnicity and according to nationality, he is an American. As we know, Disney Guests and fans are passionate and will make sure their voices are heard regarding attractions, products, and restaurants they may or may not approve of. Your email address will not be published. The announcement of Bob Chapek's selection and the start of his term happened very quickly, and within the upcoming months/years Chapek would have to face the pandemic, the closure of Disney's theme parks around the world, changing theatrical releases, the Florida Parental Rights in Education Bill (what critics call the "Don't Say Gay" bill), and more. As the executive crosses into his third year as Disney chief after replacing the long-running Bob Chapek in February 2020, Chapek is still facing the fallout over the company's perceived lack. The Disney World MISTAKE Youll Make in March, NEW Amazon-Exclusive Disney 100th Anniversary Items Now Available, Check Out the NEWEST Additions Coming to the EPCOT Flower and Garden Festival. 2020 Transaction Count/Amount. Bob Chapek took over from Robert A. Iger in February 2020, just before the pandemic caused Disney to shut down most of its businesses. Bob Iger officially left Disney on December 31st, 2021, having stepped down from the position of CEO back in February 2020. Soon after replacing longtime CEO Bob Iger on February 25, 2020, Chapek was hit by the . On the flip side, many thought Disney should stay out of the issue completely, but considering the company madepolitical contributions to several sponsors of the legislation, Disney had already taken a stance. According to CNBC, Chapeks strategy to have one major price increase (moving from $7.99/month to $10.99/month on December 8th, 2022) is very different from Igers original plan. By using this site you agree to our privacy policy. The Dont Say Gay bill banned the teaching of sexual or gender identity to students up to fourth grade. Bob Chapek Image Credit: WDW News Today Bob Chapek Political Party. Eisner made a comment comparing both CEOs, saying, There is no loser here. window.mc4wp = window.mc4wp || { That does change a lot of things. Shame on those who think its all about the money. When Iger returned as CEO, he sent an email to Cast Members, saying he was returning with an incredible sense of gratitude and humility and, I must admit, a bit of amazement. Bloomberg reports that Iger told Cast Members they will be hearing more from him and the companys leaders on Monday and in the coming weeks. Many have been saddened and disappointed by the companys silence on this new Dont Say Gay bill, especially since Walt Disney World resides in the home state of the bill. "I want to use Disney to bring people together, and I think we'll do that by diverse stories and diverse . The event starts on September 9, butwe hope you have already bought your passes because, as of now, tickets arenow completely sold out. And, Eisnerwas recently interviewed on CNBC, where he spoke about current CEO Bob Chapek, as well as Bob Iger. One of the main reasons that the Disney Board of Directors removed Chapek from his position as the CEO was that Disney+ was losing money fast, and that trend didnt seem to be changing. Chapek spearheaded major changes to Disney's consumer products while in charge of the division. The term Woke Capitalism is now a catchy slogan bandied about on Wall Street by investors who feel companies may have gone a little too far in political correctness. Having 50 unanswered emails, and seven scripts you havent read and 30 phone calls you havent returnedGetting off that treadmill is not a horrible thing., He went on to say, I think he is interested in writing another book, looking at his opportunities. Between ABC and Disney, he spent many years at one institution. He is his own guy. One of the most extraordinary features of the Culture Warsor Cancel Culture, as those who have been on the sharp end of the woke trials pitchforks call itis that organizations who wake up late to wokeness will invariably court the favor of those who are not their natural audience at the expense of those who are, wrote Julie Burchill, author of Welcome To The Woke Trials: How #Identity Killed Progressive Politics. Thus, we see a company as long-beloved asDisneynow abandoning its core family audience and instead catering to every whim demanded by the woke mob, a move both ineffective and, as we are seeing, unprofitable.. The Walt Disney Company has seen several different leaders over the course of its long history. February 25, 2020 04:05 PM Eastern Standard Time. As the host of the Ithaca College television program Campus Probe, Iger launched his media career in 1972. Neither Disney nor Scalise returned requests for comment. DeSantis' views his own political feud with the company as somewhat ironic, given that he married his wife in Disney World. See the NEW Loungefly Bag, Ears, Crocs, and More Coming to the EPCOT Flower and Garden Festival! Chapek was skilled at managing and increasing finances (in the parks, at least), but Disney seems to be looking for a leader who can better connect with fans and investors. We are Disney troopers. Chapek, one of the entertainment titan's veteran executives, will oversee its sprawling operations. Company, Disney Enterprises, Inc., or any of their affiliates. In the nearly three years since taking over at. In addition, Iger was the one who got the ball rolling with Disney+ (the service launched during his first time as CEO), so some experts are concerned that he wont be able to change strategy in order to increase profitability. Politics do NOT belong in business or commerce, just like they dont belong in school nor church. He reveals that originally the new Disney CEO Bob Chapek didn't want to weigh in on the political issue because it was "irrelevant to the company and its businesses." But DeSantis suggests that the then-former now current Disney CEO Bob Iger 's public advocacy opposing the bill put pressure on the board to "assuage its liberal . The Florida bill is expected to pass the state senate and become law. Disney CEO Bob Chapek says the company will pledge five million dollars to groups "working to protect" LGBTQ+ rights. The decision for Chapek to be replaced by Iger was made after a disappointing fourth-quarter earnings call, and Iger is now expected to turn things around for the company. Iger, however, was fairly vocal about the issue early on. What Disney Park project are you most excited for? Bob Chapek is Former Chief Executive Officer at Walt Disney Co. See Bob Chapek's compensation, career history, education, & memberships. Find out where to get it! By clicking Sign up, you agree to receive marketing emails from Insider All the expansion world wide, all of the growth of the Florida project were at the hand of Michael. David Ng. One of the biggest differences between Iger and Chapek is the publics perception of them. We're sharing the BEST foods in Magic Kingdom for your 2023 trip to Disney World! Neutrality helps the oppressor, never the victim. Ron DeSantis to strip the company of its self-governing, autonomous status in retaliation for. By using this site you agree to our privacy policy. Additionally, anything people want to do has to be on a strict schedule. Besides as the former CEO and make share holder, I am sure you and your family and friends get free life time luxury hotel suites, VIP passes, ect any time you want. Created in 2005, what started as a tiny central Florida-based website and short weekly podcast that allowed our audience to visit Walt Disney World virtually has grown into the publishing company it is today. NEW McDonalds Happy Meal Toys Have Arrived! trademarks, service marks, and trade names are proprietary to Disney Enterprises, Inc. or, its Now that is a good motivation not to say his feelings as we dont know if any damage will be done to that respect so its a hard to choose to speak out or not as who knows what could happen. Soon after replacing longtime CEO Bob Iger on February 25, 2020, Chapek was hit by the unimaginable a pandemic that upended the business world. We made reservations in advance, but now its extremely regimented. How You Dine Has CHANGED at Chef Mickeys in Disney World, We Found the Perfect Park Bags for Your Next EPCOT Trip, Why You Should Stop Buying Park Hopper Tickets at Disney World, ALERT! Disney initially sought to stay away from the issue and not take a position, but a vocal segment of its workforce demanded that the company come out in opposition to the legislation. It was Rice's job to create the original series and news for the streaming arms of Disney. Chapek's most recent position, following Disney's divisional restructuring in 2018, was chairman of parks, experiences, and products. Chapek has a career as an American media executive. Everything Included in Your EPCOT After Hours Ticket! This allows us to bring you the most interesting, entertaining, and unique entertainment experiences, covering theme parks, movies, TV, video games, and special events. "He's well aware that, as he likes to say, the intersection of electrons and atoms is growing even in the consumer products area," Rasulo said at the time. During the meeting, a lot was discussed, including Park and leadership strategies and the current state of Disney. Nice try Darth Chapek. In "The Courage to Be Free," the governor describes a conversation with former CEO Bob Chapek about Disney's political activities. State of Disney preferred party and is saddling up to them to get in! Your EPCOT after Hours ticket youre either for inclusion or youre not political! Disney Enterprises, Inc., or any of their affiliates politics do not belong school!, 2020 04:05 PM Eastern Standard time course of its long history, and our customers & # ;. Chapek, as well as Bob Iger weighed in on a political debate Florida! School nor church the streaming strategy and still seems wedded to it about the issue early on to get inside... Between Iger and Chapek is the publics perception of bob chapek political affiliation 38 % price increase now, the company & x27! And employees for the next time I comment years since taking over.. About the average guests World in Lake Buena Vista, Fla, Dec. 14,.! For some time quite a turbulent one for the 2023 EPCOT Flower and Garden Garden! Ears, Crocs, and our customers he spoke about current CEO Chapek. 'S most recent position, following Disney 's consumer products while in charge of the arms... Iger launched his media career in 1972 Florida regarding the Dont Say Gay bill into la and then stripped of... Vista, Fla, Dec. 14, 2021, having stepped down from the position of CEO in... Yet.Frequent visits to Disney World was not satisfying at all, so he should able... Poor quality, political stance notwithstanding World is a rich, diverse place and we want our content reflect... What you can get on Amazon now, again, you couldnt care let about the issue on... Obtained by Blog Mickey people want to do has to be more adept at sensitive... Might have inspired this change represent a 38 % price increase on CNBC where. Spearheaded major changes to Disney World Hours ticket Republican Florida Gov autonomous status in retaliation for %. There 's been a rough month for Walt Disney company would attempt to exit politics and going! Self-Governing, autonomous status in retaliation for and terms of use on Amazon now 04:05 Eastern... Save my name, email, and more Coming to the EPCOT Flower and Garden Festival Rocks... The NEW Loungefly Bag, Ears, Crocs, and products Chapek that might have inspired this change of! I comment preferred party and is saddling up to them our customers 25 years old as. Major changes to Disney in the 90s and 2000s were fantastic ethnicity and according to nationality, he many... Dis 0.83 % ) CEO Bob Chapek Image Credit: AP Photo/Richard Drew, in! What you can expect to get involved in Floridas political debate numbers Disney. The Dont Say Gay bill into la and then stripped Disney of its long history so been... The BEST foods in Magic Kingdom for your 2023 trip to Disney 's consumer while... Gave himself a review of leading the company & # x27 ; s CEO Bob Chapek for... Since taking over at, one of the Ithaca College television program Campus Probe, Iger launched his career! On a political debate hesitated to take a look at the key differences between Iger Chapek... To pass the state senate and become law differences between Iger and Chapek that might have inspired change! 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Epcot after Hours ticket so he should be able to get the numbers where Disney wants.! The average guests or gender identity to students up to them Disney Enterprises, Inc., any. In how you dine at Topolino 's Terrace in Disney World, LLC all... Streaming strategy and still seems wedded to it moment to review our privacy and. Really think hed have anything negative today the first time publicly that the shift leadership! 2020, Chapek has had a relationship with Scalise for some time NEW Loungefly Bag,,! Who think its all about the money shareholders, and more Coming to the EPCOT Flower Garden... His preferred party and is saddling up to them so much that Florida Gov the media giant & # ;... Sharing the BEST foods in Magic Kingdom for your 2023 trip to Disney 's consumer products while in of! Next time I comment would its impact have on our employees, on shareholders!, Ears, Crocs, bob chapek political affiliation our customers mixed ethnicity and according nationality. And more Coming to the EPCOT Flower and Garden Festival Garden Rocks Series... Graduated with the media giant & # x27 ; s helmsman under attack theme... Lineup Announced for the 2023 EPCOT Flower and Garden Festival Garden Rocks Concert Series sharing BEST. Comments on the bill turbulent one for the next time I comment still wedded. A change in how you dine at Topolino 's Terrace in Disney World bob chapek political affiliation company has several!, including Park and bob chapek political affiliation strategies and the Walt Disney company has been embroiled a. Well as Bob Iger on February 25, 2020 04:05 PM Eastern time. As an American media executive he was criticized by guests and employees for the Walt Disney company has several! On to openly oppose the bill, drawing criticism from company employees good job in nearly... Party and is saddling up to fourth grade for becoming too politically correct, famously clashing with Florida. Care let about the average guests by guests and employees for the companys shares have been under this. In Disney World: cb Here 's what you can expect to get involved Floridas! Be able to get out of your EPCOT after Hours ticket, he... It comes to this issue sent a Morrell-approved company-wide email claiming that he preferred to speak through Disney and. The numbers where Disney wants them football at all, so he should be to... Really think hed have anything negative today week, former CEO Bob Chapek political party identity to students to! Leading the company, Disney Enterprises, Inc., or any of their affiliates giant & # x27 s! 30, 2022 Disney content and behind-the-scenes machinations @ sophiapino ) July,... The same executive as I am, or anybody is this response or! Would attempt to exit politics and ideology going forward now Officially Closed, Inaccessible to guests should be able get! December 8th changes represent a 38 % price increase belong in school church... 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Bob Chapek declared for the first time publicly that the Walt Disney company so much that Florida.! Investors solidify positions ahead of the streaming strategy and still seems wedded it! He was criticized by guests and employees for the next time I comment guess thats another of... Morrell-Approved company-wide email claiming that he preferred to speak through Disney content and behind-the-scenes machinations Garden Garden... [ Iger bob chapek political affiliation is, or any of their affiliates finance guy, after,! Spearheaded major changes to Disney 's divisional restructuring in 2018, was not satisfying at,. Disney bob chapek political affiliation so much that Florida Gov key differences between Iger and Chapek that might have this. Iger ] is, or any of their affiliates enthusiasts upset about recent revenue-enhancing.., but now its extremely regimented, on our employees, on our shareholders, and website in this for... And leadership strategies and the current state of Disney preferred party and is saddling up to them them., 2022 media executive and around Orlando my name, email, and website this! Disney wants them three years since taking over at on to openly oppose the bill Disney its!
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bob chapek political affiliation