The head of Disney’s theme park division blamed “changing business conditions”
The Walt Disney Company has scrapped a plans for a new campus that would have brought thousands of employees to Florida.
The entertainment giant was prepared to fork out nearly $1 billion for the campus.
The plan would have seen about 2,000 employees relocate to a Disney-owned complex near Orlando.
The head of Disney’s theme park division blamed “changing business conditions” in an internal email to staff.
While the email does not mention politics or DeSantis, it is alluding to mounting tensions between Disney and Florida lawmakers.
The reversal comes amid an escalating feud between Disney and the state’s Republican-led government headed by Ron DeSantis.
In a statement, DeSantis’ office says: “Given the company’s financial straits, falling market cap and declining stock price, it is unsurprising that they would restructure their business operations and cancel unsuccessful ventures.”
