Disney pausing all business in Russia

Details: "Given the unrelenting assault on Ukraine and the escalating humanitarian crisis, we are taking steps to pause all other businesses in Russia," Disney said in a statement.

• "This includes content and product licensing, Disney Cruise Line activities, National Geographic magazine and tours, local content productions and linear channels."
• Disney noted that some business activities, like such as linear channels and some content and product licensing, will take time to pause "given contractual complexities."
• The company said it remains "committed" to its employees in Russia, and those people would remain employed. 

The big picture: Hollywood, like many industries, has started to put morals over money, forgoing international box office revenue at a time when the industry is still digging out from the pandemic.

Last week:

• Netflix paused all future projects and acquisitions in Russia while it assesses the impact of current events. 
• Disney, Paramount and Sony paused the release of theatrical films in Russia.
• Warner Bros. halted its plans to release “The Batman" in Russia, which was slated to debut in the country last Friday.

Go deeper: Hollywood boycotts Russia