Russian online streaming services will lose access to Disney’s library of films when their current contact with the U.S. entertainment firms expires in March, Vedomosti reported. Disney and other U.S. movie studios halted the distribution of new films in Russia after Moscow invaded Ukraine last year. However, Disney allowed Russian streaming companies to continue showing older content until the contracts expired. Russia’s movie theaters suffered a sharp decline in revenue last year after they lost access to new Hollywood films. It is unclear what impact the loss of Disney content will have on the revenues of Russian streaming firms. To read the original story by Vedomosti, click here.
Russian Streaming Companies To Lose Access To Disney Library
Russia’s movie theaters suffered a sharp decline in revenue last year after they lost access to new Hollywood films. (file photo)