Since 1967, Disney has controlled the area around the theme park in Florida with a high degree of autonomy.
The area, known as the Reedy Creek Improvement District, includes four Disney theme parks, two water parks and roads.
It has functioned as an independent municipal unit that provides traditional public utility services such as the fire department, garbage disposal and road maintenance.
- They have received great advantages.
Tax exemptions more or less in return for having taken over part of the community services there, says Stefan Åsberg, foreign reporter at SVT.
"Florida is the new sheriff in town"
But now the era of autonomy for Disney is over.
- Disney loses its autonomous status.
The state of Florida is the new sheriff in town, Republican Gov. Ron DeSantis said in a speech at the signing of the agreement.
DeSantis now halting Disney's autonomy through the new law has been interpreted as retaliation for Disney criticizing another law passed last year;
the so-called "don't say gay" law.
- It is a controversial law where they want to ban education about gender, gender identity and sexual orientation for children under the age of nine.
It means that school districts can be sued if parents believe that their children have received education in this direction, says Stefan Åsberg.
Surprised by the stance
In March, Disney's then-CEO, Bob Chapek, publicly expressed his disappointment with the "don't say gay" law.
- Many were surprised that Disney, which is a multinational company that rarely speaks out on political issues, clearly distanced itself from this law, says Stefan Åsberg.
The state of Florida will now have greater control over the area through a five-person board appointed by DeSantis.
Among the board members are Martian Garcia, who donated over half a million kroner to DeSanti's latest campaign, and Bridget Ziegler, the founder of the conservative group "Moms for liberty".
In a comment to CNN, the chairman of the Walt Disney World Resort says they are ready to work within the new framework.