March 10 (Reuters) – Walt Disney Co (DIS.N) mentioned on Thursday it’s going to pause all enterprise in Russia, together with content material and product licensing, Disney Cruise Line actions, Nationwide Geographic journal and excursions, native content material productions and linear channels.
“Given the unrelenting assault on Ukraine and the escalating humanitarian disaster, we’re taking steps to pause all different companies in Russia,” the media and leisure firm mentioned.
Disney mentioned some companies together with linear channels and content material and product licensing will take time to pause as a result of contractual nuances, whereas different streams of enterprise will pause instantly.
The corporate had earlier mentioned it will halt the discharge of theatrical movies in Russia. Different Hollywood studios Warner Bros. and Sony Photos Leisure too had selected such a transfer final month in response to Russia’s invasion of Ukraine. Russia has referred to as its actions within the nation a “particular operation.” learn extra
Reporting by Chavi Mehta in Bengaluru; Additonal reporting by Akash Sriram; Modifying by Arun Koyyur
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