“Given the unrelenting assault on Ukraine and the escalating humanitarian crisis, we are taking steps to pause all other businesses in Russia,” the media and entertainment company said.
Disney said some businesses including linear channels and content and product licensing will take time to pause due to contractual nuances, while other streams of business will pause immediately.Other Hollywood studios Warner Bros.and Sony Pictures Entertainment too had decided on such a move last month in response to Russia’s invasion of Ukraine. Russia has called its actions in the country a “special operation.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: McDonald’s, Coca-Cola Hit Pause on Russia Amid Rising BacklashMcDonald’s Corp., Coca-Cola Co. and Starbucks Corp. are temporarily halting business operations in Russia amid an intensifying backlash since the invasion of Ukraine started nearly two weeks ago. This can look good but if the war last longer it can push some Rasians to start alternative business and after the war they found they no longer have market
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Oil Pushes Higher After U.S. Escalates Russia Sanctions With BanOil continued its rally near $126 a barrel after President Joe Biden said the U.S. would ban the import of Russian crude, escalating efforts to hobble the nation’s economy that will further strain global energy markets.
Source: dailymaverick - 🏆 3. / 84 Read more »