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Streaming giant Netflix becomes latest major media company to pause projects, acquisitions

by Euro Times
March 3, 2022
in Markets
Reading Time: 1 min read
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It’s understood the streaming big has taken the choice whereas it assesses the impacts of the unfolding occasions.

The streamer had 4 Russian sequence within the works: Zato, a Neo-noir detective drama; Anna Ok, a up to date retelling of Tolstoy’s Anna Karenina that will be Netflix’s first Russian unique sequence; Nothing Particular, a drama a few younger actor working at a charity for individuals with disabilities; and a fourth untitled sequence.

Anna Ok and Nothing Particular had already wrapped filming in December, whereas the untitled mission is within the strategy of ending up taking pictures, in keeping with the person near Netflix.

Below a legislation that solely got here into impact on 1 March, “audiovisual companies” within the nation with greater than 100,000 customers will likely be required to hold 20 main state tv channels.

“Given the present state of affairs, we’ve got no plans so as to add these channels to our service,” a Netflix spokesperson informed the journal in a press release.

Earlier, Disney (NYSE:DIS) have additionally pulled theatrical releases in Russia in fast succession this week.



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Tags: acquisitionscompanygiantlatestmajormediaNetflixpauseprojectsStreaming
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