On Wednesday, Florida Governor Ron DeSantis signed a bill that revoked the self-governing power of the Walt Disney World Company, effectively ending the ‘corporate kingdom’ of the world-famous theme park.

The bill, which was passed in the Florida Senate and House of Representatives, dissolves the Reedy Creek Improvement District, which was established in 1967 and granted Disney the authority to create its own laws and regulations.

In response to the bill, a spokesperson for Disney said, “We recognize that the state of Florida is in the best position to manage the many facets of the Reedy Creek Improvement District, and we look forward to working with the state and local government to ensure that our guests and cast members have a safe and enjoyable experience.”

The decision to revoke Disney’s self-governing power comes after former Disney CEO Bob Iger privately complained to Governor DeSantis about the ‘pressure’ from the ‘woke left’ in the wake of a fight over the company’s policies. According to a new book, Iger felt that Disney was being unfairly targeted by the left, and that the company was being held to a higher standard than other businesses.

The bill has been met with mixed reactions, with some praising the move as a victory for Florida’s sovereignty, while others have criticized it as a punishment of the company.

Regardless of the response, the bill marks the end of an era for Disney and the Reedy Creek Improvement District, signaling a new chapter for the company and its relationship with the state of Florida.