Yahoo Finance's Emily McCormick reports on Disney CEO Bob Chapek speaking out against the 'Don't Say Gay' bill.

Video Transcript

- Disney CEO, Bob Chapek, is reversing course today, now speaking out against Florida's parental rights and education legislation, dubbed by opponents as the Don't Say Gay bill. Chapek has come under fire, both in and outside the company, for his silence on the new legislation, which would ban the discussion of sexual orientation in the classroom for kindergarten through third grade.

Chapek told shareholders at Disney's annual meeting today that he opposes the bill and shared his plans to meet with Florida DeSantis. DeSantis is expected to sign the bill into law, which would then go into effect in July. Chapek also reportedly said Disney would sign a petition against similar bills across the US and make a $5 million donation to protect the LGBTQ plus community.