Disney is scrapping plans to build a new campus that would have brought thousands of employees to Florida, citing "changing business conditions," according to a memo provided by a Disney spokesperson.

The decision comes at a time when the company is openly feuding with the state's Republican Governor Ron DeSantis, and the media industry faces a difficult economic and advertising environment.

The campus was expected to add 2,000 jobs.

This story is developing. It will be updated.