News Formal

Disney is scrapping plans for a new Florida campus | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 95%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Disney scraps plans for a new campus that would've brought thousands of employees to Florida as it feuds with Republican Gov. Ron DeSantis

The decision comes at a time when the company is openly feuding with the state’s Republican Governor Ron DeSantis, who is expected to officially enter the 2024 GOP presidential race next week, CNN reported Thursday. DeSantis didn’t immediately respond to CNN’s request for comment. It’s also tense time for Disney as the media industry grapples with a difficult advertising environment and a massive writers strike.

Critics have labeled the law “Don’t Say Gay.” The fight has intensified in recent months after DeSantis moved to take over the company’s special tax district setting rules for Disney World and surrounding areas. DeSantis has tried to install a hand-picked board to oversee the district. Before the Florida government selected the board in February, Disney had reached agreements with the outgoing board that limited the power of DeSantis’ appointees. The two sides are now locked in a legal battle.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

First on CNN: CEOs warn of 'devastating scenario' if America defaults | CNN BusinessAmerica’s CEOs plan to send a dire warning to lawmakers Tuesday that the economy faces potential devastation if Congress and the Biden White House cannot reach an agreement to raise the debt ceiling and avoid a default.
Source: CNN - 🏆 4. / 95 Read more »

Disney cancels plans to relocate 2,000 jobs to Florida -company emailWalt Disney Co is scrapping plans to relocate 2,000 jobs to Florida in part because of 'changing business conditions' in the state, according to an e-mail to employees seen by Reuters on Thursday.
Source: Reuters - 🏆 2. / 97 Read more »

Disney scraps plans on nearly $900 million investment at new corporate campus in FloridaWalt Disney Co., locked in an escalating political feud with Republican Florida Gov. Ron DeSantis, has scrapped plans on a nearly $900 million investment in...
Source: MarketWatch - 🏆 3. / 97 Read more »