Major studios have pulled their upcoming new releases from the Russian market, including Warner Bros.’ THE BATMAN, Disney’s TURNING RED, Universal’s AMBULANCE, and Paramount’s SONIC THE HEDGEHOG 2. Hollywood is moving in lock step with the global business community to isolate Russia after its government ordered a “special military operation” into neighboring Ukraine.
Studios will certainly feel the result of a top-ten global box office market being taken off the board indefinitely. Russian distributors will suffer as well from the global blockade of all international banking transactions, crippling them in their ability to conduct business. Still, a group of Russia’s distributors came together to make a statement to “End the Barbaric War”, at considerable risk to themselves while the Russian government is cracking down on all dissent.