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Tuesday, April 23, 2013

Walt Disney and the CIA


A new book claims Disney conspired with the CIA to buy up cheap land in Florida for Disney World and orchestrate a unique legal situation that makes the theme park above the law. The company took advice from former CIA agents and lawyers to engineer statutory grounds which still allows Disney World to avoid taxation and environmental regulation, it is alleged. The special legal situation underpinning the site is not only unconstitutional, it is claimed, but allows the company to avoid any inconvenient decisions democratically taken at the local level. Continue after the page break for the rest of the story...

Sunday, April 7, 2013

Walt, Roy and Retlaw



Retlaw, Walter spelled backward, was incorporated on April 6, 1953. The company would provide Walt a way to fund the development of Disneyland. He owned one-third of the company, and his daughters owned the other two-thirds. Walt negotiated a deal that in return for licensing his name to Walt Disney Productions, he would receive either a five-percent royalty from every merchandising transaction, or he would take a share of up to fifteen percent in every Disney project. Considering that the Disney name appeared on virtually everything, the agreement was especially lucrative to Walt and his family. This eventually created tension between Walt and his brother Roy. Continue after the page break for the remainder of the story...