Disney dough rises in California - News Summed Up

Disney dough rises in California


Florida Governor Ron DeSantis’s puny attempts to punish the Walt Disney Company for opposing his bigotry agenda, which includes “don’t say gay” legislation that banned discussing sexual orientation or gender identity in schools, continue to blow up in his face, as Disney redirects its economic might to California. On its way out of Florida, Disney not only canceled a $1B office-campus project that would have added 2,000 jobs to central Florida, but it also unveiled plans to shutter a “Star Wars-themed luxury hotel” it had opened in Orlando just last year. Explaining these changes in plans, Disney representatives have referred to DeSantis as “anti-business” and cited “changing business conditions” in Florida. A business analyst told the Guardian,“DeSantis has done lasting harm to Disney’s investments in Florida…. What’s best for the long run?’”Disney’s answer: California, which now will add some Disney dinero to its world-beating economy.


Source: Forbes July 19, 2023 19:27 UTC



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