Apparently, this is the amount without taking into account the refusal to rent films.
Apparently, this is the amount without taking into account the refusal to rent films.
After the start of the Russian military operation on the territory of Ukraine and the imposition of sanctions against the country, Disney and other major studios suspended their work in Russia. The first estimate of financial losses due to this suspension is contained in the company’s report.
According to the report, from March 1 to March 31 (the day Disney ended its reporting period), the company estimates its losses at $195 million. This money is “depreciation of intangible assets” associated with the work of the Disney Channel in Russia.
In addition to the suspension of the Disney Channel in the country, Disney refused to distribute films in Russian cinemas and curtailed all other activities, including the release of National Geographic magazine and content licensing.
Apparently, the total losses of the company are more than the figure indicated in the report. Perhaps more accurate numbers will appear in the next Disney report; it will appear at the beginning of August.
After the suspension of the work of Hollywood studios in the Russian market, only once did a message appear that one of the companies might consider resuming distribution in the country. The studios themselves did not publicly assess the likelihood and timing of a return to Russia.
It is interesting
