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The Walt Disney Company News

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The company has spoken to the governor about anti-LGBTQ+ legislation, which encourages the state to take away its right to self-governance.

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The Walt Disney Company is scrapping plans to build a nearly $1 billion corporate campus in Florida that would house 2,000 workers amid an ongoing legal battle with the state of Florida.

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"Business conditions are changing," Disney Parks chief Josh D'Maro said in an email to employees Thursday.

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That prompted Disney to reconsider its 2021 plan to relocate employees, including its Imagineers who operate theme park rides, to a new complex in Lake Nona.

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According to the Orlando Sentinel, the company expected to spend $864 million on the project.

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A complex that serves as the base for Walt Disney Imagineering and the Disney Parks, Experiences and Products division.

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Disney's decision to relocate California-based Imagineering employees across the country drew complaints from employees, many of whom said they did not want to move to Florida.

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A week earlier, Disney CEO Bob Iger publicly questioned Florida's interest in the company's continued investment in the state.

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In a call with investors to discuss quarterly results, he said Disney employed more than 75,000 people in Florida.

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Walt Disney World attracts millions of visitors each year and plans to invest $17 billion to expand the resort over the next decade.