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Ukraine Crisis: Netflix Pauses All Russian Projects And Acquisitions

Russia has also been barred from major festivals and award shows. The Cannes Film Festival announced on Tuesday that it will not welcome any Russian delegations or attendees with ties to the government.

Netflix Inc has temporarily stopped all future projects and acquisitions in Russia
Netflix Inc has temporarily stopped all future projects and acquisitions in Russia Instagram

Due to Russia's invasion of Ukraine, Netflix has allegedly placed any future projects and acquisitions from Russia on hold. According to Variety, the streaming service had four Russian originals in the works, including a criminal thriller series helmed by Dasha Zhuk that was filming but has since been cancelled.

The 1990’s set series was Netflix’s second original series filming in Russia, following 'Anna K' which wrapped last year.

A source close to Netflix said the company was assessing the impact of current events.

On Monday, The Walt Disney Company announced it will be pausing all theatrical releases in Russia, including Pixar’s 'Turning Red,' set to premiere there on March 10. A few hours after the announcement, Warner Bros halted the release of 'The Batman' in the country.

Russia has also been barred from major festivals and award shows. The Cannes Film Festival announced on Tuesday that it will not welcome any Russian delegations or attendees with ties to the government.

Switzerland’s Locarno Film Festival, however, announced it would show Russian films at the upcoming edition in August.

Russia's intensifying attack on Ukraine has forced hundreds of thousands to leave the country in the last six days in what one UN official predicted could become Europe's “biggest refugee crisis this century.”

Last Thursday, Russian President Vladimir Putin announced a military operation in eastern Ukraine, claiming it is intended to protect civilians.

[With Inputs From PTI]

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