I'm sure they were exempted for non-partisan reasons. Disney doesn't own any social media networks, or openly promote anything in the partisan space, which is what I think the law is going after.
Universal Studios is owned by Comcast/NBC. Seems like it's trying to narrow in on the Facebook/Twitter style social media companies by excluding traditional media companies.
It is a weird thing to specify and it also opens an obvious gap. Buying a small amusement park with a half-dozen carnival rides would be a negligible cost for a multi-billion dollar social media company. Possibly cheaper than paying for a detailed legal analysis even.
> "The American Broadcasting Company (ABC) is an American multinational commercial broadcast television network that is a flagship property of Walt Disney Television, a division of Disney General Entertainment Content of The Walt Disney Company."
It is a weird thing to specify and it also opens an obvious gap. Buying a small amusement park with a half-dozen carnival rides would be a negligible cost for a multi-billion dollar social media company. Possibly cheaper than paying for a detailed legal analysis even.