Disney Defying DeSantis? Mouse House To Reportedly Double Down On Florida With $17B Investment - Walt Dis

Logo BenzingaBenzinga
2023-05-29 07:41:59  • 4 mins

Walt Disney Co. DIS is not one to be cowed down by the Flordia state government's maneuverings, spearheaded by Governor Ron DeSantis, and remained increasingly committed to the state.

What Happened: Disney is set to invest $17 billion in central Florida's Walt Disney World hub over the next decade, CEO Bog Iger and Parks Chief Josh D'Amaro have been hinting over the past few months, CNBC reported. The investment will result in the creation of 13,000 jobs, the report added.

The entertainment giant's stance assumes importance as DeSantis has officially announced his candidacy for the 2024 Republican presidential primary.

D'Amaro reportedly told at the JPMorgan Global Technology, Media and Communications Conference that the $17 billion investment gives a sense of how aggressive the company is being in Walt Disney World.

Among the plans are the transformation of EPCOT Theme Park, the new Stars Tours attraction and the new Tiana attraction, the executive reportedly said. The investment will also go into some of the "blue sky" ideas Disney presented in 2022 at the D23 Expo in Anaheim, Califonia, he added.

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