The Walt Disney Company pauses operations in Russia
The Walt Disney Company has announced the closure of the release of theatrical films in Russia, after news of “its unwarranted invasion of Ukraine,” according to a company release.
It is reviewing the rest of its businesses in Russia.
“In view of the ongoing humanitarian crisis in Ukraine and the uncompromising violence imposed there, we have decided to cease all our business operations in Russia, including Disney Cruise Line activities, product and content licensing, linear channels, National Geographic magazine, local content productions and tours,” said a Disney spokesperson.
The company added that some of the business undertakings in Russia will cease straight away. Others activities will take a certain amount of time to be stopped completely due to complications in contractual norms.
He also added that the company will be devoted to helping its employees who are in Russia and they will continue to remain employed. Besides, it will provide necessary assistance and aid to the refugees by working with its NGO partners.