Disney Joins Russia Sanctions... "Suspends Movie Releases in Russia"
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2020121112442560606_1607658265.jpg)
[Asia Economy Reporter Song Seung-yoon] The Walt Disney Company has decided to suspend film releases in Russia.
On the 28th of last month (local time), Disney issued a statement saying, "Considering the unjustified invasion of Ukraine and the tragic humanitarian crisis, Disney will suspend film releases in Russia."
The Ukrainian Film Academy (UFA) petitioned for an international boycott of Russian films and the film industry online last weekend.
Russia is considered an important market in the Hollywood film industry. Last year, Russia's box office revenue was estimated at $600 million (approximately 720 billion KRW), accounting for about 2.8% of global ticket sales. The Hollywood industry is reportedly expressing serious concerns about changes in relations with Russia.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- Bull Market End Signal? Securities Firm Warns: "Sell SK hynix 'At This Moment'"
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
Meanwhile, Disney stated that it is cooperating with non-governmental organization (NGO) partners to provide emergency aid and other humanitarian support, considering the scale of the Ukrainian refugee crisis.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
