DeSantis Winning: Disney Chief Says Backing Off From Culture Wars and Increasing Investment In Florida

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'Disney is backing down after DeSantis stood firm. And that’s a good thing conservatives should be celebrating, regardless of who you support for president.'

with Disney from the word “go.” Recent news about and announcements from Disney further lend credence to the viewpoint that DeSantis is winning this battle.beyond the culture wars because they weren’t good for the bottom line:

Walt Disney Co. CEO Bob Iger is promising to lower the temperature after the company stepped deep into the culture wars under his predecessor and angered many conservatives, according to an analyst’s note from this week. Needham & Company analyst Laura Martin wrote in a report released Wednesday that Iger told investors the day before that his primary goal is to “quiet the noise,” because culture wars are bad for business.

That message was one of Needham’s key takeaways from Disney’s 120-person investor event at Walt Disney World in Orlando, Florida, on Tuesday, when the company announced plans to nearly double its investments in amusement parks and cruises to $60 billion over the next decade., according to a new SEC filing from Walt Disney Company:

Walt Disney World figures prominently in the slides on the filing, including new cabins for Disney’s Fort Wilderness Resort and a massive new high-rise hotel adjacent to Disney’s Polynesian Resort. Disney Cruise Line has a prominent place in the filing as well, and many of its ships sail out of Port Canaveral.

 

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