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Netflix suspends service in Russia

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Reed Hastings is the CEO of Netflix. He attends a Mexican press conference.

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NetflixCNBC has confirmed that Russia is discontinuing its services to the company following Ukraine’s invasion.

According to a spokesperson, Sunday’s statement stated that Russia had suspended its service due to the current situation.

Netflix has a small share of Russia’s market. CNBC has previously reported that the company only has a little over 1 million Russian customers. This is in contrast to Netflix’s overall subscriber count. 222 millionAll paid memberships worldwide

After Ukraine invaded Ukraine, the streaming service had stopped making acquisitions and projects in Russia. The streaming service had four Russian-language series currently in production. Netflix declined to adhere to Russian news channel regulations.

Many companies, from technology giants to retailers, have taken hard positions against Russia. They are pulling services or banning sales. Netflix is now one of the most popular streaming services. latest media companiesFollowing the beginning of the conflict, Russia’s military service was suspended.

Disney It was announced that all movie debuts in the country would be halted last week, which included the Pixar new film “Turning Red”. Warner Bros., Sony, Paramount Pictures Universal all followed.

Disclosure: Comcast, the parent company for NBCUniversal & CNBC is Comcast.

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