Pause operations: company temporarily curtailing operations while keeping return options open

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Sony Pictures Entertainment Inc. is an American diversified multinational mass media and entertainment studio conglomerate that produces, acquires, and distributes filmed entertainment through multiple platforms.

Pause operations: company temporarily curtailing operations while keeping return options open

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The Company Statement
April 07, 2022

Sony Pictures Halts All Business in Russia, Including release of ‘Spider-Man'. Major studios such as Warner Bros., Disney and Sony Pictures are suspending their plans to release major 2022 films Batman, Chervonie and Morbius in Russian cinemas. Disney and Sony received £13.5m in payments from Russian joint venture after Ukraine invasion despite suspension of operations in the country. The Moscow-based company responsible for marketing and distributing films in Russia made by the two studios paid out £13.1m in dividends in March 2022, a month after Russia invaded Ukraine. An analysis of recently filed accounts shows a further £440,000 was paid between July and December 2023. The money was paid by Moscow-based Walt Disney Studios Sony Pictures Releasing (WDSSPR) to Eastern European Holdings (EEH), a joint venture between Disney and Sony’s London-based Columbia Pictures unit.

January 05, 2025Disney and Sony bank £13.5m from Russian business
July 22, 2024The Film Studio That Made Batman and The Matrix Is Completely Liquidating Its Business in Russia
February 29, 2024Hollywood studios halt Russian release plans for 'The Batman,' 'Turning Red,' 'Morbius' & more
November 09, 2022Disney Leaving Russia
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