Netflix Said to Pause All Projects, Acquisitions in Russia Amid Ukraine Crisis

Netflix has briefly stopped all future tasks and acquisitions in Russia because it assesses the impression of Moscow's invasion of Ukraine, a supply aware of the matter advised Reuters on Wednesday.The streaming large had 4 Russian-language series in manufacturing and post-production, together with Zato, a detective drama.Russia has been dealing with boycott in the movie and TV business. The Cannes movie competition issued a press release on Tuesday saying it will ban official Russian delegations from its 2023 competition until the Ukraine battle ends.Earlier this week, Netflix stated that in the present circumstances it has no plans to add state-run channels to its Russian service, regardless of a regulation that may require it to distribute state-backed channels."Given the current situation, we have no plans to add these channels to our service," stated a Netflix spokesman in a press release, referring to Russia's invasion of Ukraine.Netflix, which launched its service in Russia in October 2020, would fall below the brand new Russian rules requiring compliance on March 1. The rules, overseen by Russia's communications regulator, Roskomnadzor, require audiovisual companies with greater than 100,000 subscribers in that nation to distribute 20 free-to-air information, sports activities, and entertainment channels.The Netflix spokesman declined to touch upon timing or whether or not the corporate has held conversations with Russian regulators. It is unclear how the service shall be impacted by its choice.© Thomson Reuters 2023

---