Russia’s ongoing attack on Ukraine has prompted action from several large corporations, and many are suspending business and closing stores in Russia.
Previously, the Walt Disney Company suspended all theatrical releases in Russia, including those on their streaming service, Disney+. Now, Disney is taking further action by pausing more of their business operations in that area.
The Walt Disney Company recently issued a statement in response to the ongoing crisis in Ukraine. Disney stated that they were pausing all of their businesses in Russia, including “content and product licensing, Disney Cruise Line activities, National Geographic magazine and tours, local content productions, and linear channels.”
Although they are working towards pausing all of their business there, Disney noted that some activities can be paused immediately and others will take longer to stop “given contractual complexities.” They also stated that Disney employees in Russia will remain employed. They said, “We remain committed to our dedicated colleagues in Russia.”
The Walt Disney Company will also work with NGO to aid refugees of the crisis and send assistance to Ukraine.
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Ron says
Disney, SOMETHING IS BETTER THAN NOTHING.
Tiffany says
It’s good that Disney is pausing business in Russia due to the war Russia has raged against Ukraine but I find it interesting how Disney is willing to absorb the expense of paying their Russian employees, while business has been suspended. While in America, during the height of the COVID-19 pandemic, Disney laid-off and fired workers. Disney is treating Russian families a lot differently than it treated American families. Disney should hire back all of their employees who were laid-off or fired during the COVID-19 pandemic who want to return to work or, compensate the American workers for the loss of work. It’s only fair, since Disney is giving Russian workers a paid vacation while the war rages on. Let Putin provide for his people, just as our Presidents’ did through Congress, by providing unemployment and stimulus money for American workers.
Don says
Only “Paused”? I guess money is more important than principal.