Ukraine conflict: Disney, Warner, Sony halt release of films in Russia –

Warner Bros, Disney and Sony have halted the release of films in Russian cinemas, after the invasion of Ukraine.
The announcements mean the releases of major movies The Batman, Turning Red and Morbius will now not go ahead as scheduled in the country.
They come as governments around the world have been ramping up their sanctions against Moscow.
In recent days global corporations, including car makers and energy giants, have cut business ties with Russia.
Warner Bros blockbuster The Batman was due to be released in Russia on Friday.
"In light of the humanitarian crisis in Ukraine, WarnerMedia is pausing the release of its feature film 'The Batman' in Russia," a spokesperson said.
Meanwhile, Disney has delayed the Russian release of the Pixar animated film, Turning Red.
"Given the unprovoked invasion of Ukraine and the tragic humanitarian crisis, we are pausing the theatrical release of films in Russia," Disney said in a statement.
The entertainment giant added that it would work with non-governmental organisations to provide "urgent aid and other humanitarian assistance to refugees".
Sony has also halted the release of its Marvel adaptation Morbius in the country.
"Given the ongoing military action in Ukraine and the resulting uncertainty and humanitarian crisis unfolding in that region, we will be pausing our planned theatrical releases in Russia," a spokesperson told the BBC.
Meanwhile, Netflix has said that it will not comply with new Russian rules to carry state-backed channels.
"Given the current situation, we have no plans to add these channels to our service," a Netflix spokesperson said.
Tech platforms Twitter and Facebook have also moved to limit the presence of Russian state-backed news outlet information on their platforms as these have been accused of spreading misinformation about the Russian invasion of Ukraine.
Meta, which owns Facebook, said it would restrict access in the European Union to state-owned media outlets RT and Sputnik.
Twitter also said it would add warnings to tweets that share links to Russian state-affiliated media.
Twitter's head of site integrity, Yoel Roth, said the platform has seen more than 45,000 tweets per day that were sharing links to these media outlets.
Google said it would block YouTube channels connected to Russian broadcasters RT and Sputnick across Europe.
The moves come as many companies try to distance themselves from Russia. Among the actions taken are:
Big investors have also started to either ditch Russian investments or put new investments on hold.
The UK's biggest private pension fund, the British Universities Superannuation Scheme (USS), said on Tuesday that it was "looking to sell" its Russian assets.
"We think there's a clear financial as well as a moral case for divestment with respect to our Russian holdings," USS chief executive Simon Pilcher told the BBC's Today programme.
"There's very little appetite for anyone to trade with Russia under these circumstances, and therefore, in that context, it's very hard to see how Russian investments are a sound financial investment."
Mr Pilcher also said the moral case "was fairly compelling that one should have nothing to do with Russia in the current environment".
Lucy Coutts, investment director at JM Finn, said: "Russia is un-investable at the present time. The Russian economy has been absolutely slammed by a broadside of crushing Western sanctions.
"Its economy is seizing up, the rouble is worth less than one US cent, inflation is soaring, mortgage rates have gone from 7.5% to 18.6% overnight, and the Russian people are being forced to pay."
Credit rating agencies have said the likelihood of defaults on Russian debt has gone up, so bond markets have seized up, she added.
This video can not be played
Disney appoints executive to lead metaverse plans
Disney park trips surge after Covid measures eased
Biden to warn Putin: 'Dictators must pay a price'
Residents flee as rockets rain down on Kharkiv
West was ready for Russian invasion, says Biden
What Americans think of Biden's Ukraine response. Video
What are the nuclear risks?
How many refugees are there and where are they going?
Five things new IPCC climate change study tells us
Ros Atkins on… Russia’s nuclear threat. Video
Could the fighting spread across Europe? And other questions
The comic travelling 5,000 miles to fight in Ukraine
Why India is not criticising Russia over Ukraine
'We Muslims are treated like the sacrificial goat'
They are back!
Watch the final series of Killing Eve on BBC iPlayer
Janet Devlin: Young, Female, and Addicted
A journey to understand the impact alcohol addiction has on young women in Northern Ireland
Midnight Meets: Eddie 'The Eagle' Edwards
The unlikely Olympian talks to Colin Murray about how fear gives him focus
© 2022 BBC. The BBC is not responsible for the content of external sites. Read about our approach to external linking.


Stay in the Loop

Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

Latest stories

You might also like...