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Netflix suspends all projects, acquisitions in Russia – report

FILE PHOTO: The logo of streaming service provider Netflix in Paris
FILE PHOTO: A logo photo of streaming service provider Netflix in Paris September 15, 2014. REUTERS / Gonzalo Fuentes

March 2, 2022

(Reuters) – Netflix Inc has temporarily halted all future projects and acquisitions in Russia amid its invasion of Ukraine, Variety reported on Wednesday.

Russia is facing a boycott in the film and television sector. The Cannes Film Festival on Tuesday released a statement saying it would ban official Russian delegations from the 2022 film festival unless the Ukraine conflict ends.

Netflix is ​​assessing the impact of current events, Variety said, adding that the streaming giant has four Russian originals in production.

Netflix did not immediately respond to Reuters’ request for comment.

Earlier this week, Netflix said that under the current circumstances it has no plans to add state-run channels to its Russian service, despite a regulation that requires it to distribute state-backed channels. .

Russia is one of 190 countries with Netflix.N2V33IS]

(Reporting by Chavi Mehta in Bengaluru; Editing by Shinjini Ganguli)

https://www.oann.com/netflix-pauses-all-projects-acquisitions-in-russia-report/?utm_source=rss&utm_medium=rss&utm_campaign=netflix-pauses-all-projects-acquisitions-in-russia-report Netflix suspends all projects, acquisitions in Russia – report

Emma Bowman

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