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World Business Report: First broadcast 18/05/2023 21:32 GMT : Disney ends $867m Florida plan

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Disney ends $867m Florida plan

First broadcast 18/05/2023 21:32 GMT 

First broadcast 18/05/2023 21:32 GMT : Disney ends $867m Florida plan

BBC World Service - World Business Report, Disney ends $867m Florida plan

The decision comes as a legal battle between the company and Ron DeSantis escalates

The company's decision was the result of "considerable changes" that have taken place since it was first announced.

Florida is going to lose 2,000 jobs as  Walt Disney Co is scrapping plans to relocate their staff because of "changing business conditions" in the state. Currently, the company employed more than 75,000 people in Florida, attracts millions of visitors each year to Disney World, and had plans to invest $17 billion to expand the resort over the next decade.

(Picture: Walt Disney World Resort Reopening. Picture Credit: Getty Images)

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First broadcast 18/05/2023 21:32 GMT : Disney ends $867m Florida plan

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