Disney cancels $1 billion Florida investment amid feud with DeSantis.

1 min read
Source: CBS News
Disney cancels $1 billion Florida investment amid feud with DeSantis.
Photo: CBS News
TL;DR Summary

Disney is canceling its $1 billion investment in Florida, which included building a new campus in Lake Nona and relocating 2,000 workers from California to Florida. The move comes amid a year-long feud with Florida's Republican governor, Ron DeSantis, after Disney publicly opposed his bill to limit instruction on sexual orientation and gender identity in public schools. Disney is also cutting more than $5 billion in costs, with CEO Bob Iger seeking a "transformation."

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