![]() ![]() But Disney’s financial problems have much more to do with its money-guzzling streaming business and its rapidly dwindling profit from traditional cable TV. If you’re on Team DeSantis, shutting down Lake Nona reflects the desperation of a company whose stock is tanking and whose core businesses face serious headwinds.Ī spokesperson for DeSantis said Thursday it was “unsurprising” that Disney would cancel the project “given the company’s financial straits, falling market cap and declining stock price.” For Team Disney, the move is just the latest in which the company is relentlessly dunking on a relatively inexperienced politician who picked a fight with the wrong conglomerate. There are a couple ways to read that news. Now, the mass relocation is off, and Disney said it would even help the 200 or so employees who’d already made the move come back to California if they want to. The project would have transferred some 2,000 high-paying jobs from California to Florida. The company’s latest salvo in the back-and-forth with DeSantis came Thursday, when it pulled the plug on its Lake Nona office complex. Smith/AFP/Getty Imagesĭisney is scrapping plans for a new $1 billion Florida campus Visitors walk along Main Street at The Magic Kingdom as Walt Disney World reopens following Hurricane Ian on Septemin Orlando, Florida. ![]()
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