March 3, 2022
(Reuters) – Netflix Inc has suspended all future projects and acquisitions in Russia as it assesses the impact of Moscow’s invasion of Ukraine, a source familiar with the issue told Reuters on Wednesday.
The streaming giant had four Russian-language series in production and post-production, including the detective drama “Zato”.
Russia has faced a boycott in the film and television industries. The Cannes Film Festival issued a statement on Tuesday saying it would ban official Russian delegations from attending the festival in 2022 if the conflict in Ukraine does not end.
Earlier this week, Netflix said it did not plan to add government channels to its Russian service in the current circumstances, despite regulations requiring it to distribute state-supported channels.
Russia is one of the 190 countries where Netflix is available.N2V33IS]
(Report by Chavi Meta and Eva Matthews from Bangalore; edited by Shinji Ganguli and Amy Karen Daniel)