Disney Will Suspend All Business In Russia

Human toy figures are visible in front of the displayed Disney+ logo in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

March 10 – The Walt Disney Co (DIS.N) said on Thursday it would suspend all business in Russia, including content and product licensing, Disney Cruise Line operations, National Geographic magazine and tours, local content production and linear channels.

“Given the ongoing offensive against Ukraine and the escalation of the humanitarian crisis, we are taking steps to suspend all other types of business in Russia,” the statement said.

Disney said some businesses, including linear channels and content and product licensing, will take time to pause due to contractual nuances, while other business streams will be suspended immediately.

The company had previously said it would suspend the release of theatrical films in Russia. Other Hollywood studios Warner Bros. and Sony Pictures Entertainment last month also decided to take the same step in response to Russia’s invasion of Ukraine. Russia called its actions in the country a “special operation.” More

Reporting by Chavi Mehta in Bangalore; Additional report by Akash Sriram; Edited by Arun Koyyur

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