Disney Stock Plummets Amid LGBTQ+ Controversy :: Right & Free

5 months ago

Disney Stock Plummets Amid LGBTQ+ Controversy

# lgbtq # children # economy

Disney stock has been in a free fall ever since reaching an all-time high in March 2021, trading at nearly $200 per share. 

As the market closed Thursday, the stock was hovering near $120 per share – down roughly 33% from a year ago. 

The company has been in the spotlight in recent weeks after it publicly opposed HB 1557 recently signed by Florida Governor Ron DeSantis that prohibits classroom instruction on "sexual orientation" and "gender identity" with children in third grade or younger.

Florida House Bill 1557 is also called “The Parental Rights in Education Bill,” however it is often falsely labeled by LGBTQ+ community and mainstream media as the “Don’t Say Gay” bill, despite having no mention of “gay” or any related words in the bill. 

Disney CEO Bob Chapek first kept quiet about the bill before later saying the company had been lobbying behind the scenes against the proposed legislation. 

At a press conference in Jacksonville on Friday, Governor DeSantis defended the bill, saying it's about "no sexual instruction given to young students,” CBS Miami reported.

Disney workers staged a walkout last week when the company initially refused to denounce the legislation, prompting their legal team to issue a statement Monday saying the bill “should never have been signed into law.” 

“Our goal as a company is for this law to be repealed by the legislature or struck down in the courts, and we remain committed to supporting the national and state organizations working to achieve that,” read the statement posted on Disney’s Twitter account.

"When you actually look at the bill and it says 'no sexual instruction to kids pre-K through three,' how many parents want their kids to have transgenderism or something injected into classroom instruction?" DeSantis asked.

"It's basically saying for our younger students, do you really want them being taught about sex? And this is any sexual stuff. But I think clearly right now, we see a focus on transgenderism, telling kids they may be able to pick genders and all of that,” DeSantis continued.

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Several videos from a Disney corporate meeting were recently released by an investigative journalist, showing the staff discussing the “Parental Rights in Education Bill,” aka Florida House Bill 1557. 

The bill was designed to give parents rights relating to their children's educations, and help curb child-grooming in elementary schools, leaving many to wonder why exactly Disney and the LGBTQ+ community are so adamantly in opposition. 

“This bill is about providing protections so that they know they can send their young kids to school without them being sexualized, without a school telling a young girl, for example, that she may really be a boy,” Governor Ron DeSantis said on Fox News.

“Why is the hill to die on? To have transgenderism injected into kindergarten classrooms, or woke gender ideology injected into second-grade classrooms? Why is that the hill to die on?” DeSantis questioned.

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During the recently released staff meetings, Disney employees openly discussed their efforts to push radical gender ideology and other “woke” progressive ideas on sexuality. 

Latoya Raveneau, an executive producer for Disney, explained how she was “pleasantly surprised” by the “welcoming attitude and open-mindedness” that the company had toward the LGBTQIA+ agenda, particularly as it relates to “adding queerness” to shows she had worked on.

“Our leadership over there has been so welcoming to like, my like, not-at-all secret gay agenda,” Raveanu said. 

“They’re turning it around, and then all that momentum that I felt, that sense of ‘I don’t have to be afraid, let’s have these two characters kiss in the background … Wherever I could, I was basically adding queerness to the show, if you see anything queer in the show, ‘The Proud Family,’ nobody would stop me and nobody was trying to stop me.”

Disney Corporate President Karey Burke also spoke up during that meeting, urging the company to add more LGBTQ+ lead characters to stories:

“We have many, many, many LGBTQIA characters in our stories and yet we don’t have enough leads, a narrative in which gay characters just — just get to be characters and not have to be about gay stories.”

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According to another video, Vivian Ware, Disney’s diversity and inclusion manager, also explained that in 2021, Disney altered gendered greetings and language in its theme parks for live spiels and other aspects of the park.

“We trained, we provided training for all of our cast members in relationship to that. So now they know it’s ‘Hello, everyone,’ or ‘Hello, friends,'” Ware explained.

“We don’t want to just assume because someone might be, in our interpretation, may be presenting as female, that they may not want to be called ‘princess,’” Ware explained in the video.

Many are speculating that Disney’s recent anti-parental, pro-groomer stance in favor of sexualizing innocent children and indoctrinating young kids to LGBTQ+ ideology is what has led Disney’s stock price to falling so dramatically downward.

Nationwide, there are 18 similar bills to Florida’s HB 1557 “Parental Rights in Education Bill” moving through nine state legislatures.

Last updated: April 26th, 2022 at 09:04 am