3/10, 9:14 PM (Source: TeleTrader)
more TeleTrader news

Disney pauses all businesses in Russia

The Walt Disney Company said on Thursday that it is halting the operation of all its businesses in Russia.

"Given the unrelenting assault on Ukraine and the escalating humanitarian crisis, we are taking steps to pause all other businesses in Russia," the company said. "This includes content and product licensing, Disney Cruise Line activities, National Geographic magazine and tours, local content productions and linear channels," it added, stressing some activities will be suspended immediately, while others "will take time given contractual complexities."

Last week, Disney decided to stop releasing its films in Russia, citing Moscow's "unprovoked" attack on Ukraine.

Baha Breaking News (BBN) / NP