Disney ditches $1B Lake Nona campus project

Walt Disney Company on Thursday scrapped plans to build a nearly $1 billion office complex and relocate 2,000 California-based cast members to Florida. The move comes after Disney earlier this year announced reorganization plans to cut costs by $5.5 billion, including $3 billion related to content spending, while the entertainment giant faces a growing legal and ideological clash with Gov. Ron DeSantis.