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☆ Hollywood actors, studios agree to media blackout for labor talks
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

The actors' union is seeking pay increases and protections around the use of artificial intelligence in negotiations with the Alliance of Motion Picture and Television Producers (AMPTP), which represents Walt Disney Co (DIS.N), Netflix Inc (NFLX.O), Comcast Corp (CMCSA.O) and other companies. The actors' negotiations are taking place as the Writers Guild of America (WGA) remains on strike. The work stoppage, which began May 2, has shut down late-night talk shows and halted production of shows such as a new season of "Stranger Things." SAG-AFTRA members have authorized a strike if their talks fail to yield an agreement by June 30. Reporting by Lisa Richwine; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Marg Helgenberger, Lisa Richwine, Lisa Shumaker Organizations: CBS, Screen Actors, Writers Guild of America, Universal Studios, Hollywood, Alliance, Television Producers, Walt Disney Co, Netflix Inc, Comcast Corp, SAG, Thomson Locations: Los Angeles , California, ANGELES

☆ Amazon plans ad tier for Prime Video streaming service - WSJ
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

June 7 (Reuters) - Amazon.com (AMZN.O) is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The WSJ report also said Amazon was holding discussions with Warner Bros Discovery (WBD.O) and Paramount Global (PARA.O) about adding the ad-based tiers of their streaming services through Prime Video Channels. "In recent years, Prime Video has gotten more aggressive about running promos prior to its shows and including ad-filled sports broadcasts," said Ross Benes, Insider Intelligence principal analyst. Sports coverage on Prime Video already comes with ads. "Officially putting ads into Prime Video allows Amazon to centralize its audience and be more consistent with branding," Benes added.

Persons: Walt Disney, Ross Benes, Benes, Yuvraj Malik, Samrhitha, Devika Organizations: Wall Street, Netflix, Amazon, Warner Bros Discovery, Paramount Global, Paramount, Intelligence, Sports, Prime, Thomson Locations: Bengaluru

☆ Hollywood actors authorize strike as writers still out
▼ + stars: | 2023-06-06 | by ( Lisa Richwine | ) www.reuters.com time to read: +2 min

LOS ANGELES, June 5 (Reuters) - Hollywood's actors union voted to authorize a strike if contract talks break down, turning up the heat on major film and television studios already grappling with a monthlong work stoppage by writers. No new negotiations are scheduled with the striking Writers Guild of America (WGA), which represents 11,500 film and TV writers. A strike by actors would lead to a broader shutdown across Hollywood and increase pressure on studios that need programming to feed their streaming services and the fall TV broadcast schedule. In the negotiations, actors are seeking higher pay and safeguards against unauthorized use of their images through artificial intelligence. SAG-AFTRA leaders said the industry had changed dramatically with the rise of streaming television and the emergence of new technology such as generative AI.

Persons: AFTRA, Bravo, Fran Drescher, Duncan Crabtree, Lisa Richwine, David Gregorio, Lisa Shumaker, Kim Coghill, Gerry Doyle Organizations: Bravo SAG, Guild of America, Warner Bros, HBO, SAG, Alliance, Television Producers, Walt Disney Co, Netflix Inc, Thomson Locations: ANGELES, Hollywood, Ireland

☆ Apple to sell Vision Pro AR headset for triple Meta's top-line price
▼ + stars: | 2023-06-05 | by ( Stephen Nellis | ) www.reuters.com time to read: +6 min

[1/4] People use cameras as Apple's Vision Pro headsets are on display at Apple's annual Worldwide Developers Conference at the company's headquarters in Cupertino, California, U.S. June 5, 2023. Apple's headset will be available early next year in the U.S. with more countries coming later in 2024. The Vision Pro has two hours of use with an external battery, which Apple said would reduce the weight on the user's head. Investors and tech fans alike are focused on how much Apple's view of the virtual reality market overlaps with Meta's. In addition to Meta, Sony Group Corp (6758.T) and ByteDance-owned Pico both recently released virtual reality devices.

Persons: Loren Elliott CUPERTINO, Apple, Alan Dye, Tim Cook, Walt Disney's, Mark Zuckerberg, there's, John Ternus, Apple's, Craig Federighi, Stephen Nellis, Yuvraj Malik, Dawn Chmielewski, Katie Paul, Peter Henderson, Aditya Soni, Lisa Shumaker Organizations: Developers, REUTERS, Apple Inc, Pro, Apple, Vision, Reuters, Adobe, Microsoft, Unity, Meta, Sony Group Corp, Pico, Research, IDC, Mac Pro, Mac, Intel, Thomson Locations: Cupertino , California, U.S, Loren Elliott CUPERTINO , California, Bengaluru, Dawn, Los Angeles, New York

☆ Here's what Apple unveiled at WWDC: Vision Pro, 15-inch MacBook Air, OS updates
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +4 min

Vision Pro sports 12 cameras and a digital crown similar to the Apple Watch to toggle between the AR and VR environments. M2 ULTRA CHIPApple unveiled M2 Ultra, its most-powerful processor so far, that comes to its desktop computers Mac Pro and Mac Studio. LARGER MACBOOK AIR, POWERFUL DESKTOPSApple launched a 15-inch MacBook Air featuring the M2 chip and an 18-hour battery life. The company beefed up its desktop computers, introducing a new version of its flagship Mac Pro with the M2 Ultra chip, starting at $6,999. WIDGETS FOR APPLE WATCH, OS UPGRADES, JOURNALING APPApple announced fresh versions of operating systems across its products.

Persons: Apple, Yuvraj Malik, Maju Samuel Organizations: Apple Inc, Meta, PlayStation VR, Sony Group, Apple Watch, Disney, Microsoft, Adobe Inc, Vision, Apple, Mac, Mac Pro, Max, APP Apple, Thomson Locations: Bengaluru

During the last WGA strike in 2007 and 2008, a studio deal with the DGA prompted writers to head back to the bargaining table. If approved, it could offer a blueprint for the striking writers and upcoming talks between studios and SAG-AFTRA, the union representing Hollywood actors. In the DGA's agreement, directors secured wage increases starting at 5% the first year, an increase in residuals from streaming, and a guarantee that "generative AI cannot replace the duties performed by members." AI has emerged as a major concern of writers and actors, who see their jobs as especially vulnerable to the new technology. The WGA work stoppage has disrupted production of late-night shows and shut down high-profile projects such as Netflix's "Stranger Things" and a "Game of Thrones" spinoff.

Persons: Chris Keyser, Keyser, AFTRA, Lisa Richwine, Maria Caspani, Dawn Chmielewski, Lisa Shumaker Organizations: of America, DGA, Alliance, Television Producers, Netflix, Walt Disney Co, Guild of America, WGA, YouTube, SAG, Hollywood, Thomson Locations: Los Angeles, New York

☆ Exclusive: Walt Disney's Pixar Animation eliminates 75 positions
▼ + stars: | 2023-06-03 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +1 min

June 3 (Reuters) - Walt Disney's (DIS.N) Pixar Animation Studios has eliminated 75 positions including those of two executives behind box office disappointment “Lightyear,” sources said on Saturday, the first significant job cuts at the studio in a decade. Susman had been at Pixar since the release of the original “Toy Story” movie in 1995. MacLane and Susman could not be reached for comment. The cuts, which took place May 23, are part of Walt Disney Co Chief Executive Bob Iger’s previously announced plan to eliminate 7,000 jobs and slash $5.5 billion in costs. Reporting by Dawn Chmielewski; Editing by Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

Persons: Walt Disney's, “, Angus MacLane, “ Coco, ” Galyn Susman, Susman, Bob Iger’s, Dawn Chmielewski, Cynthia Osterman Organizations: Pixar Animation Studios, Pixar, Walt Disney Co, Thomson

☆ Exclusive: Walt Disney's Pixar targets 'Lightyear' execs among 75 job cuts
▼ + stars: | 2023-06-03 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +2 min

[1/2] A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermidJune 3 (Reuters) - Walt Disney's (DIS.N) Pixar Animation Studios has eliminated 75 positions including those of two executives behind box office disappointment “Lightyear,” sources said on Saturday, the first significant job cuts at the studio in a decade. Susman had been at Pixar since the release of the original “Toy Story” movie in 1995. The cuts, which took place May 23, are part of Walt Disney Chief Executive Bob Iger’s previously announced plan to eliminate 7,000 jobs and slash $5.5 billion in costs. Disney acquired Pixar in 2006 to revitalize its struggling Disney Animation.

Persons: Brendan McDermid, Walt Disney's, “, Angus MacLane, “ Coco, ” Galyn Susman, Susman, Michael Agulnek, Bob Iger’s, ”, Bob Peterson, Dawn Chmielewski, Cynthia Osterman Organizations: Walt Disney Company, New York Stock Exchange, REUTERS, Pixar Animation Studios, Pixar, Walt Disney, Disney Entertainment, Disney, Disney Animation, Thomson Locations: New York, U.S

☆ Disney removes some produced content from its direct-to-consumer services
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: 1 min

June 2 (Reuters) - Walt Disney Co (DIS.N) said on Friday that it has removed certain produced content from its direct-to-consumer (DTC) services and will record a related $1.5 billion impairment charge in its fiscal third-quarter financial statements. Reporting by Tiyashi Datta in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Tiyashi Datta, Devika Organizations: Walt Disney Co, Thomson Locations: Bengaluru

[1/2] A smartphone with the Netflix logo lies in front of displayed "Streaming service" words in this illustration taken March 24, 2020. Companies often face legal cases and police complaints their content sometimes hurt religious sentiment, and many have self-censored content over the years. As part of India's anti-tobacco drive, the health ministry this week ordered streaming platforms should within three months insert static health warnings during smoking scenes. The companies, and India's health ministry, did not respond to a Reuters request for comment. But in India, companies from Netflix to Amazon (AMZN.O) to Disney (DIS.N), also have popular Hindi content which often shows Bollywood actors smoking, something activists say encourages tobacco use.

Persons: Dado Ruvic, Mukesh Ambani's, Woody Allen, Blue Jasmine, Ambani's JioCinema, Kaushik Moitra, Dylan Mohan Gray, Aditya Kalra, Biplob Kumar Das, Tony Tharakan, Shilpa Jamkhandikar, David Evans Organizations: Netflix, REUTERS, Disney, Companies, Reuters, NBCUniversal, Warner Bros, Bharucha, Partners, Thomson Locations: India, DELHI, New Delhi, Bengaluru

☆ Digital doubles, fake trailers: AI worries Hollywood actors before labor talks
▼ + stars: | 2023-06-01 | by ( Lisa Richwine | ) www.reuters.com time to read: +5 min

AI already has divided studios and striking film and television writers, who want assurances that the emerging technology will not be used to generate scripts. SAG-AFTRA wants to ensure its members can control use of their "digital doubles" and ensure studios pay the actual actors appropriately, said Duncan Crabtree-Ireland, the union's chief negotiator. A representative for the AMPTP had no comment on its position on use of AI with actors. In negotiations with the Writers Guild of America (WGA), the AMPTP proposed discussing the topic once a year, which the Guild viewed as an attempt to avoid the issue. You're never going to see anything like that if we're all using AI."

Persons: Julia Louis, Dreyfus, Christine, Wes Anderson, Harry Potter, Bill Murray, Scarlett Johansson, AFTRA, Duncan Crabtree, Crabtree, Tom Cruise, Keanu Reeves, Reeves, Leland Morrill, we're, Morrill, Justine Bateman, Indiana Jones, Harrison Ford, Walt Disney, Ford, Stephen Colbert, James Earl Jones, Darth Vader, Carrie Fisher, AFTRA's Crabtree, Bateman, " Bateman, Lisa Richwine, Jorge Ramos, Dawn Chmielewski, Mary Milliken, David Gregorio Our Organizations: Warner Bros ., Screen, Writers Guild America, YouTube, SAG, Microsoft Corp, Walt Disney Co's, Lucasfilm, Disney, Alliance, Television Producers, Netflix Inc, Writers Guild of America, WGA, Thomson Locations: Burbank , California, ANGELES, Hollywood, Ireland, ., Los Angeles

☆ Target and Disney trip up on the Pride divide
▼ + stars: | 2023-05-31 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

[1/2] A shopping cart is seen in a Target store in the Brooklyn borough of New York, U.S., November 14, 2017. REUTERS/Brendan McDermid/File PhotoNEW YORK, May 31 (Reuters Breakingviews) - Target (TGT.N) and Walt Disney (DIS.N) are fighting different battles over a similar social issue. Of the two, retailer Target has the harder balancing act. The $62 billion retailer run by Brian Cornell last week decided to pull some items from its 2023 collection celebrating Pride Month. Some of Disney’s employees were upset by the regulation and Iger took a stand on their behalf.

Persons: Brendan McDermid, Walt Disney, Brian Cornell, ”, Bob Iger, Ron DeSantis, Iger, Marjorie Taylor Greene, John Foley, Sharon Lam Organizations: REUTERS, Reuters, Target, Pride, Disney, Sunshine, Cornell, Walt Disney, Fox News, Thomson Locations: Brooklyn, New York, U.S, Florida, Orlando, UK

☆ Factbox: Who are the candidates running in the 2024 US presidential election
▼ + stars: | 2023-05-31 | by ( Ross Colvin | ) www.reuters.com time to read: +6 min

Here is a list of 2024 hopefuls in both the Democratic and Republican parties. Only 1% of Republicans said he would be their preferred 2024 nominee in a Reuters/Ipsos poll conducted May 9-15. ASA HUTCHINSONThe former Arkansas governor launched his bid for the White House in April with a call for Trump to step aside to deal with his indictment. Biden allies say he is running because he feels he is the only Democratic candidate who can defeat Trump. MARIANNE WILLIAMSONThe best-selling author and self-help guru has launched her second, longshot bid for the White House.

Persons: Mike Pence, Chris Christie, Donald Trump, Joe Biden, DONALD TRUMP Trump, Biden, Trump, RON DESANTIS, DeSantis, TIM SCOTT, Scott, NIKKI HALEY, Haley, VIVEK RAMASWAMY, Ramaswamy, MIKE, Pence, Trump's, CHRIS CHRISTIE, ASA HUTCHINSON, Hutchinson, DOUG BURGUM Burgum, JOE BIDEN Biden, MARIANNE WILLIAMSON, ROBERT KENNEDY JR, Kennedy, Robert F, Ross Colvin, Colleen Jenkins, Nick Zieminski, Alistair Bell Organizations: New, Democratic, Republican, REPUBLICAN, Republican Party, Twitter, Trump, Walt Disney Co, Ukraine, TIM, Black Republican U.S, Reuters, United Nations, Biden, U.S . Capitol, Republican White House, Christian, New Jersey, ASA, White House, Microsoft Corp, DEMOCRATIC, White, Democrat, YouTube, Thomson Locations: New Jersey, New York, Florida, South Carolina, Pence, Iowa, Arkansas, U.S

☆ Reliance's JioCinema signs content streaming deal with NBC Universal
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, May 29 (Reuters) - JioCinema, the streaming platform run by India's Reliance Industries Ltd (RELI.NS), has signed a partnership with NBC Universal Media in a push to increase Hollywood content on the platform for Indian viewers, the companies said on Monday. The multi-year deal will give JioCinema's premium subscribers access to popular shows such as "Downton Abbey", "Suits" and "The Office," the companies said in a joint statement. This comes after JioCinema signed a content streaming deal with Warner Bros Discovery Inc (WBD.O) in April for shows such as "Succession" and "Game of Thrones". JioCinema announced its premium pricing earlier this month, moving away from free content model to fight rivals like Netflix (NFLX.O) and Disney (DIS.N) in the content streaming space. Reporting by Shilpa Jamkhandikar and Hritam Mukherjee; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ 'Hot labor summer': Los Angeles unions back Hollywood writers
▼ + stars: | 2023-05-27 | by ( Jorge Garcia | ) www.reuters.com time to read: +2 min

LOS ANGELES, May 26 (Reuters) - Unions representing teachers, truck drivers and other workers who will be headed soon to the bargaining table turned out in downtown Los Angeles on Friday to support Hollywood's striking film and television writers. On Friday, a few hundred members of unions in the tourism and hospitality industries, teachers, logistics workers and public employees rallied in downtown Los Angeles in a show of unity. The participating unions represented more than 200,000 workers with collective bargaining agreements also due to expire in 2023, organizers said. "It's going to be a hot labor summer," Lorena Gonzalez, executive secretary of the California Labor Federation, told the crowd. [1/6] Union workers rally to fight alongside Writers Guild of America for liveable wages and future contracts in Downtown Los Angeles, California, U.S., May 26, 2023.

☆ It’s Netflix’s world, rivals just stream in it
▼ + stars: | 2023-05-24 | by ( Jennifer Saba | ) www.reuters.com time to read: +9 min

Cheaper streaming options with unique programming were luring viewers, leaving Netflix in a tough spot as it raised prices. Paramount+, started in 2021, is joining forces with sister Showtime to widen its offerings. Disney, Paramount and WBD also operate cable and broadcast networks, and don’t specify what portion of the expense is allocated to streaming. Its subscribers, worth $136 a year in revenue apiece, are also more valuable than those of its rivals. Warner Bros Discovery on May 23 rebranded its streaming service as Max, which will include HBO programming along with Discovery’s reality TV shows.

☆ 2024 US presidential election: who is in, who is out and who is still thinking about it
▼ + stars: | 2023-05-24 | by ( Ross Colvin | ) www.reuters.com time to read: +7 min

May 24 (Reuters) - Florida Governor Ron DeSantis announced on Wednesday he is seeking the 2024 Republican presidential nomination, joining former President Donald Trump in a growing list of Republicans seeking to unseat Democratic President Joe Biden. Here is a list of declared candidates and other potential 2024 hopefuls in both the Democratic and Republican parties. The former Kansas congressman was one of Trump's most loyal lieutenants and initially backed his false claims of a stolen presidential election in 2020. Several of his key staff, though, have recently joined the DeSantis camp, suggesting that Youngkin is not going to run in 2024. She ran as a Democrat in the 2020 presidential primary but dropped out of the race before any votes had been cast.

Persons: Ron DeSantis, Donald Trump, Joe Biden, JOE BIDEN Biden, DONALD TRUMP Trump, Biden, Trump, RON DESANTIS, DeSantis, SCOTT, Scott, NIKKI HALEY, Haley, ASA HUTCHINSON, Hutchinson, MIKE, Pence, Trump's, CHRIS CHRISTIE, Christie, CHRIS SUNUNU The, VIVEK RAMASWAMY, Ramaswamy, ROBERT KENNEDY JR, Kennedy, Robert F, MIKE POMPEO Trump's, GLENN YOUNGKIN, MARIANNE WILLIAMSON, Ross Colvin, Colleen Jenkins, Nick Zieminski, Mark Potter Organizations: Democratic, Republican, Biden, Trump, Republican Party, New, Walt Disney Co, Black Republican U.S, Reuters, United Nations, ASA, White House, U.S . Capitol, Republican White House, YouTube, Central Intelligence Agency, White, Democrat, Thomson Locations: Florida, U.S, New York, Ukraine, South Carolina, Arkansas, Pence, New Jersey, CHRIS SUNUNU The New Hampshire, England, Kansas, Virginia

☆ Warner Bros Discovery chief booed at Boston University graduation, videos show
▼ + stars: | 2023-05-21 | by ( ) www.reuters.com time to read: +1 min

May 21 (Reuters) - Warner Bros Discovery chief executive David Zaslav was booed by students after taking the stage at Boston University to accept his honorary degree and give the 2023 commencement speech, amid an ongoing strike by film and television writers over pay, videos that surfaced on social media show. Boston University did not immediately respond to a Reuters request for comment. Zaslav, who is an alumni of the school, was repeatedly disrupted by angry chants and boos from Boston University students, including cries of “we don’t want you here” and “pay your writers”, the report said. The Writers Guild of America had earlier said they would be picketing the ceremony when Boston University announced Zaslav would be giving the commencement speech at the graduation, the report added. The writers' strike has disrupted production of late-night shows and some TV series, but some filming is continuing.

[1/2] People gather ahead of the "Festival of Fantasy" parade at the Walt Disney World Magic Kingdom theme park in Orlando, Florida, U.S. July 30, 2022. Lawyers for DeSantis, who is being sued for allegedly targeting Disney for company leadership's political views, filed a motion on Friday in Tallahassee, Florida, asking U.S. District Judge Mark Walker be recused in the case. Disney sued DeSantis in April for allegedly "weaponizing" state government in retaliation for the company's criticism of a law that banned classroom discussion of sexuality and gender identity with younger children. DeSantis' lawyers argued on Friday that the judge overseeing that case demonstrated potential partiality while handling separate cases in which the judge mentioned Disney as an example of state retaliation. Considering Walker's statements, "the court's impartiality in this matter might reasonably be questioned," DeSantis' lawyers said in the their motion.

☆ Futures edge higher on hopes of debt deal
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies Futures up: Dow 0.10%, S&P 0.13%, Nasdaq 0.14%May 19 (Reuters) - U.S. stock index futures edged higher on Friday on optimism that a deal to avoid a catastrophic U.S. debt default could be reached over the weekend. ET, Dow e-minis were up 32 points, or 0.1%, S&P 500 e-minis were up 5.5 points, or 0.13%, and Nasdaq 100 e-minis were up 20 points, or 0.14%. S&P 500 futures hit a 15-week high in early trading, while Nasdaq e-minis breached levels not seen in nine months. The benchmark S&P 500 index (.SPX) and the Nasdaq (.IXIC) were set for their best weekly performance since late March amid positive debt ceiling talks, less-than-feared earnings and economic data. Reporting by Shreyashi Sanyal in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ Breakingviews: Disney can play Scrooge with Florida
▼ + stars: | 2023-05-19 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +3 min

NEW YORK, May 18 (Reuters Breakingviews) - Walt Disney (DIS.N) isn’t mickey-mousing around. Disney’s threatened retreat from the state is meaningful, and it can get worse for the state’s leader, Governor Ron DeSantis. But overall, Disney is one of the largest employers in Florida, and a massive contributor to the tourism economy. Follow @thereallsl on TwitterCONTEXT NEWSWalt Disney is cancelling plans to build a nearly $1 billion corporate campus, according to an email to employees on Thursday. Disney parks chief Josh D'Amaro said "changing business conditions" prompted Disney to reconsider its 2021 plan to relocate employees.

☆ Disney can play Scrooge with Florida
▼ + stars: | 2023-05-19 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +3 min

☆ Disney to close Star Wars hotel that opened in Florida last year
▼ + stars: | 2023-05-18 | by ( Lisa Richwine | ) www.reuters.com time to read: +2 min

[1/3] "Star Wars" Stormtroopers stand guard inside the atrium of the Halcyon starcruiser at Walt Disney World in Orlando, Florida, U.S., February 24, 2022. Disney announced the closing of the two-night "Star Wars: Galactic Starcruiser" hotel and experience on Thursday but did not provide a reason. The hotel debuted with fanfare at Walt Disney World in March 2022. Some Star Wars fans had complained that the cost of staying at the Starcruiser was too high. The price included two days and two nights in one of 100 Starcruiser cabins, galactic-inspired food and drink, and a visit to Batuu, the "Star Wars" planet inside the Disney World theme park.

DeSantis, who is expected to soon announce that he will seek the 2024 Republican nomination for U.S. president, then moved to strip Disney of its long-standing self-governing power over Walt Disney World in Orlando. Democratic State Sen. Linda Stewart, who represents part of Orange County, called it "disappointing" that Florida would lose jobs. Iger's predecessor announced plans in July 2021 to relocate jobs from Southern California to a new facility in central Florida, citing its "business-friendly climate." "I remain optimistic about the direction of our Walt Disney World business," D'Amaro wrote. We have plans to invest $17 billion and create 13,000 jobs over the next ten years.

LOS ANGELES, May 18 (Reuters) - Walt Disney Co (DIS.N) is scrapping plans to relocate 2,000 jobs to Florida in part because of "changing business conditions" in the state, according to an e-mail to employees seen by Reuters on Thursday. Disney parks chief Josh D'Amaro said "leadership changes" and "changing business conditions" prompted Disney to reconsider its 2021 plan to relocate employees, including its Imagineers who design theme park rides, to a new campus in Lake Nona. The original decision to relocate employees to Florida from California had prompted complaints from many employees who did not want to move across the country. DeSantis, who is expected to soon announce that he will seek the 2024 Republican nomination for U.S. president, then moved to strip Disney of its long-standing self-governing power over Walt Disney World in Orlando. Iger's predecessor announced plans in July 2021 to relocate jobs from Southern California to a new facility in central Florida, citing its "business-friendly climate."

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