Shapiro clarifies DeSantis-Disney feud.

Disney Cancels $1 Billion Office Complex in Orlando

Disney’s decision to cancel the construction of a $1 billion office complex in Orlando has been widely discussed in the media. However, Daily Wire editor emeritus Ben Shapiro has revealed that the reason behind the cancellation has little to do with Governor Ron DeSantis’ battle against the company’s woke priorities.

The Real Reason Behind the Cancellation

According to Shapiro, Disney canceled the project due to economic blows it has taken unrelated to the state of Florida revoking special tax privileges from its Walt Disney World campus. Additionally, the new office space planned for Florida received a wave of pushback internally from employees who did not want to relocate to the Sunshine State.

“Disney is spinning the fact that they are in a state of economic free-fall as a woke corporate stand,” Shapiro said.

Disney’s Declining Streaming Service

Shapiro pointed out that Disney’s streaming service has declined recently, losing around 4 million subscribers so far this year and having to cut thousands of jobs in cost-cutting measures. In addition, the office complex had been delayed for years since it was announced in 2021, and it was expected to be delayed years longer.

Bob Iger’s Opinion on the Project

Bob Iger, former CEO of Disney, was not a fan of the project. He believed that building the office space and moving Disney’s Imagineering workforce, which works with Disney’s movie studios to develop theme park rides and attractions, to Florida when the movie studios are located in California made little sense, according to The New York Times.

“This notion that this is something new, like it’s brand new that they’re deciding to do kill the project, that is not true,” Shapiro said.

The Real Reason Behind the Cancellation

“Disney is doing this because they are losing money. Disney has a problem,” Shapiro said, pointing out that the company’s stock price has cratered and lost about half its value since hitting a high in early 2021.

“Do you think that this was Bob Iger looking at the fact that they have been bleeding money and saying, ‘We’re not spending $1 billion on a campus that just moved some employees from one state to another?’ Do you think it’s that? The bleeding of money?” Shapiro asked. “Or do you think that he was just that invested in making sure that third graders could read Gender Queer at the library? Which one do you think it is?”

(Disclosure: The Daily Wire has announced plans for kids’ entertainment content.)

• Disney canceled the $1 billion office complex in Orlando due to economic blows and pushback from employees.
• The decline of Disney’s streaming service and the delay of the office complex were also factors.
• Bob Iger did not support the project and believed it made little sense to move Imagineering to Florida.
• Disney’s stock price has lost about half its value since hitting a high in early 2021.

It seems that the cancellation of the $1 billion office complex in Orlando was not due to Governor Ron DeSantis’ battle against the company’s woke priorities, as previously thought. Instead, it was a result of economic blows and pushback from employees. Disney’s declining streaming service and the delay of the office complex were also factors. Bob Iger did not support the project and believed it made little sense to move Imagineering to Florida. Disney’s stock price has lost about half its value since hitting a high in early 2021.