Disney reports $195 million loss in abandoning Russian market
Samizdat | May 12, 2022
The Walt Disney Company published a financial report on Wednesday, claiming it had lost $195 million from shutting down its Disney Channel alone in Russia.
“In the current quarter, the Company recorded charges totaling $195 million due to the impairment of an intangible asset related to the Disney Channel in Russia,” the document stated.
On March 10, Walt Disney announced it was suspending all business activities in Russia due to Moscow’s military operation in Ukraine. Disney’s dealings in the country included content and product licensing, cruise lines, the National Geographic magazine and tours, local content productions, and linear channels.
“After Russia’s unprovoked invasion of Ukraine, we announced that we were pausing the release of theatrical films in Russia and reviewing the rest of our businesses there,” Walt Disney’s statement said. “Given the unrelenting assault on Ukraine and the escalating humanitarian crisis, we are taking steps to pause all other businesses in Russia.”
Since the beginning of the year, Disney’s shares have fallen by nearly 33%, while its main competitor, Netflix, has lost over 72% in value. Netflix’s downturn is attributed in large part to the company’s loss of 700,000 Russian subscribers, after the streaming service also made the decision to bar Russian audiences from its content due to the ongoing crisis in Ukraine.
1 Comment »
Leave a comment
Featured Video
Russian education minister slams ‘terrible’ Eurovision
or go to
Aletho News Archives – Video-Images
From the Archives
NATO rejects Russia’s ‘red line’
RT | January 26, 2022
NATO has said it “will not compromise” on potential expansion into Ukraine, Georgia, and other former Soviet republics, as this clashes with the “core principles” of the alliance, Secretary General Jens Stoltenberg told reporters on Wednesday.
The alliance’s response, which Stoltenberg said all 30 members agreed upon, was delivered to Moscow earlier in the day by the US ambassador, alongside Washington’s separate written note.
The US has asked Russia to keep the contents of its response private. … continue
Blog Roll
Recent Comments
Aletho News- Is the West Fanning Euromaidan-Style Public Protests in Georgia?
- UK Army Unit Labeled Accurate COVID Reporting as “Malinformation”
- US: Ilan Pappe interrogated by FBI at Detroit Airport
- Palestinian journalist killed in Israeli air strike in northern Gaza
- USAID whistleblowers accuse Biden of ‘direct complicity’ in Gaza famine
- In Slovakia, the lone gunman strikes again
- Slovak government blames assassination of Robert Fico on opposition parties and liberal mass media
- UK Disinformation Unit Minutes Reveal Consideration of Placing Government Employees Inside Social Media Companies
- Australia jails whistleblowers for telling the truth
- British Palestinian surgeon wins legal battle against Germany’s travel ban
- If Americans Knew
- New report shows Biden is going to extraordinary lengths to continue arming Israel
- Palestinians rally at historic villages in northern Israel
- Blinken Says Israeli Units Accused of Serious Violations Have Done Enough to Avoid Sanctions. Experts and Insiders Disagree.
- Debunking three myths about pro-Palestine student protests in the US
- New study: Israel committing genocide; Netanyahu says Israel not enslaved to US – Day 222
- UN says Gaza death toll still over 35,000 but not all bodies identified
- Anti-Defamation League ramps up lobbying to promote controversial definition of antisemitism
- On Nakba Day, as Palestinians run for their lives, Biden advances $1 billion in arms sales to Israel – Day 221
- New! English translation of eyewitness Red Cross account of 1948 Deir Yassin massacre
- Knowledge is going up in smoke in Gaza
- Richie Allen
- The Richie Allen Show Returns Tomorrow Wednesday April 24th
- Call Richie Today Monday March 11th From 4.30pm
- Connect To The Richie Allen Show WhatsApp Today
- NHS Asks Patients To Choose From 12 Genders, 10 sexual Preferences & 159 Religions
- The Richie Allen Show Moves To A New Time Slot From Monday Nov 20th
- Starmer Will Sack Shadow Ministers Who Vote For Gaza Ceasefire
- AI Tool Can Predict Heart Attacks Years In Advance
- Nepal Bans TikTok To Preserve Social Harmony
- Bloke Appointed Boss Of Womb Health Charity
- WHO – “Gaza’s Biggest Hospital Becoming A Cemetery”
- No Tricks Zone
- New Study Finds An Extremely Low CO2 Climate Sensitivity For The Arctic And Antarctic
- U.N. Contributing Scientist: ‘Culling’ Human Population Could Avert Climate Catastrophe
- Using Nets On The Seafloor To Retrieve Seafood ‘Roughly The Same As Running 100 Coal-Fired Plants’
- New Paper: Global Warming Leading To HIMALAYAN COOLING, Preventing Glacial Melt!
- DNA Evidence Reveals Domestic Cats, Dogs, African Wildcats, Frogs Lived In The Arctic 9000 Years Ago
- -80°C: Antarctic Vostok Station Records “Extreme Winter Cold”…Not Even Winter Yet!
- The German E-Vehicle Nightmare, 2024 Q1 Sales Plummet 14%… “Graveyard” For Unsold Cars
- Newly Discovered 90,000-Year-Old Human Footprints Reveal How Much Higher Sea Levels Used To Be
- Germany’s Economic Bloodbath Worsens As Green Revolution Causes Economy To Bleed To Death
- Water Vapor Absorbs 84 Times More Radiation Than CO2 … Clouds Drove 89% Of 1982-2018 Warming
Aletho News 
Violations of the Minsk agreement, biolabs near Russia, shelling (killing) in the Donbas region of 14,000 civilians by Ukraine and threats of a NATO military presence in Ukraine–“unprovoked”?
If the same violations were against Israel or the US, a scorched earth military action would be the justified norm.
How do we purge humanity of the liars at Disney/Israel/Ukraine/Davos?
LikeLike