Disney drops plans to build £725m office complex as fairy tale in Florida turns into a nightmare
Disney has dropped plans to build a £725m office complex as the fairy tale in Florida turns into a nightmare.
The media giant behind Mickey Mouse and Mulan decided to U-turn on plans for a site in the US state amid an ongoing row with Governor Ron DeSantis.
The plans would have seen thousands of jobs shifted from California to Florida.
U-turn: The plans would have seen thousands of jobs shifted from California to Florida
But in an internal email, Disney’s parks chief Josh D’Amaro cited ‘leadership changes’ as the key reason behind the backtrack.
Disney has been at odds with DeSantis since its former chief executive Bob Chapek criticised legislation that would limit the discussion of sexuality in schools – the so-called ‘Don’t Say Gay’ law.
The governor slammed ‘woke Disney’ and has looked to cancel the special treatment given to the company, which includes self-governing powers in its 25,000-acre resort.
Disney shares tumbled last week after its streaming service lost 4m subscribers in the first three months of 2023.
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