What would happen to Florida economy if Disney left?

What would happen to Florida if Disney pulls out? First, it's not going to happen. If it did, the state's economy would be very close to collapse. Between the billions of dollars in bond, and tax revenue lost, there would be about 80,000 people added to unemployment, food stamps, medicaid, and other social programs.



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It would certainly hurt the state of Florida. The government would lose all the tax revenue. People who work at Disney would lose their jobs. There are many companies that only exist because of Disney or that get a lot of their business because of Disney, like hotels near the park.

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In fact, when you add it all up, the Orlando tourism economy, of which Disney sits at the center, has a gigantic impact on the Florida economy. A 2019 study by Oxford Economics found that Orlando-area tourism generated $75.2 billion in economic impact for central Florida — about $1,000 for every tourist.

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As the country's largest single-site employer, Walt Disney World provides more than 75,000 jobs to cast members in Florida. Disney is also Florida's largest single taxpayer, totaling 1.1 billion dollars in state and local taxes.

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While Disney could pick up and move some of its businesses from Orlando to another state, Disney World and its other theme parks aren't going anywhere. Moving all the infrastructure, including hotels, restaurants and shops as well as transportation to move guests around, just wouldn't be feasible.

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Very roughly, it would take at the very least $12.3 billion in today's dollars to build out the Walt Disney World property to its current state. And note that this answer is roughly six years old. So even if they did decide to leave Florida, it would take them decades and billions to rebuild.

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From ongoing battles with Florida Governor Ron DeSantis and his board appointees to subscriber losses on its streaming platform, Walt Disney leadership may be wondering if they've unknowingly fallen under a dark curse. And now, to make matters worse, its theme parks are dealing with declining foot traffic.

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The company's biggest segment was its media and entertainment segment, which generated revenues of 55 billion U.S. dollars in 2022. This marks a growth from the 50.9 billion U.S. dollars of revenue generated in this segment in 2021.

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The company's biggest segment was its media and entertainment segment, which generated revenues of 55 billion U.S. dollars in 2022. This marks a growth from the 50.9 billion U.S. dollars of revenue generated in this segment in 2021.

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In the end, the appellate court concluded that Disney had to pay its employees the required minimum wages because it did receive a city subsidy as defined by the LWO.

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Disney is raising prices on almost all of its streaming offerings as it looks to accelerate profitability for the business. Commercial-free Disney+ will cost $13.99 per month, a 27% increase, beginning Oct. 12. Disney+ with ads will remain $7.99 per month.

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