Disney dropped its lawsuits against Florida Governor Ron DeSantis (R), reaching a settlement with the Central Florida Tourism Oversight District (CFTOD).
This decrease in subscribers comes after a 2.4 million drop during the first quarter, marking the first decline for Disney+ since its launch in November 2019.
On Friday, Florida Governor Ron DeSantis signed a bill into law, allowing the newly-formed Central Tourism Oversight District Board to cancel development agreements with Disney.
House Speaker Kevin McCarthy told CNBC’s Squawk Box earlier this week that Florida Gov. Ron DeSantis should “sit down and negotiate” with Disney and “solve the problem.”
"Disney was openly and legally granted a unique and special privilege, that privilege of running its own local government," former Florida Supreme Court justice Alan Lawson said. "That era is ending."