[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Deep Intel on the Damning New F-35 Report

CONFIRMED “A 757 did NOT hit the Pentagon on 9/11” says Military witnesses on the scene

NEW: Armed man detained at site of Kirk memorial: Report

$200 Silver Is "VERY ATTAINABLE In Coming Rush" Here's Why - Mike Maloney

Trump’s Project 2025 and Big Tech could put 30% of jobs at risk by 2030

Brigitte Macron is going all the way to a U.S. court to prove she’s actually a woman

China's 'Rocket Artillery 360 Mile Range 990 Pound Warhead

FED's $3.5 Billion Gold Margin Call

France Riots: Battle On Streets Of Paris Intensifies After Macron’s New Move Sparks Renewed Violence

Saudi Arabia Pakistan Defence pact agreement explained | Geopolitical Analysis

Fooling Us Badly With Psyops

The Nobel Prize That Proved Einstein Wrong

Put Castor Oil Here Before Bed – The Results After 7 Days Are Shocking

Sounds Like They're Trying to Get Ghislaine Maxwell out of Prison

Mississippi declared a public health emergency over its infant mortality rate (guess why)

Andy Ngo: ANTIFA is a terrorist organization & Trump will need a lot of help to stop them

America Is Reaching A Boiling Point

The Pandemic Of Fake Psychiatric Diagnoses

This Is How People Actually Use ChatGPT, According To New Research

Texas Man Arrested for Threatening NYC's Mamdani

Man puts down ABC's The View on air

Strong 7.8 quake hits Russia's Kamchatka

My Answer To a Liberal Professor. We both See Collapse But..

Cash Jordan: “Set Them Free”... Mob STORMS ICE HQ, Gets CRUSHED By ‘Deportation Battalion’’

Call The Exterminator: Signs Demanding Violence Against Republicans Posted In DC

Crazy Conspiracy Theorist Asks Questions About Vaccines

New owner of CBS coordinated with former Israeli military chief to counter the country's critics,

BEST VIDEO - Questions Concerning Charlie Kirk,

Douglas Macgregor - IT'S BEGUN - The People Are Rising Up!

Marine Sniper: They're Lying About Charlie Kirk's Death and They Know It!


Business/Finance
See other Business/Finance Articles

Title: Disney and Sony bank £13.5m from Russian business
Source: The Telegraph
URL Source: https://www.msn.com/en-us/money/com ... ccdd454c83414d59a9776e13&ei=79
Published: Jan 5, 2025
Author: Christian Sylt, Caroline Reid
Post Date: 2025-01-05 20:22:43 by BTP Holdings
Keywords: None
Views: 516
Comments: 1

Disney and Sony bank £13.5m from Russian business

Story by Christian Sylt, Caroline Reid • 5 January 2025

The companies received payouts after putting their Russian operations on hold following Putin’s invasion of Ukraine - Getty Images Europe

Disney and Sony have benefited from £13.5m in payments from a Russian joint venture since the invasion of Ukraine, despite suspending operations in the country.

A Moscow-based company responsible for marketing and distributing films in Russia made by the two studios paid out a £13.1m dividend in March 2022, one month after Russia invaded Ukraine. A further £440,000 was paid between July and December 2023, according to analysis of recently- filed accounts.

The money was paid by Moscow-based Walt Disney Studios Sony Pictures Releasing (WDSSPR) to Eastern European Holdings (EEH), a company jointly-owned by Disney and Sony’s Columbia Pictures division and based in London.

The dividends resulted from business that took place before the studios announced they were putting their operations in Russia on hold. Neither company has ongoing commercial operations in the country and there is no suggestion they have acted improperly or breached any sanctions.

Nevertheless, the timing of the payment raises awkward questions for the two Hollywood studios.

Disney announced on March 10, 2022 that it was pausing all business operations in Russia in the wake of Russia’s invasion of Ukraine in February of that year. Sony followed suit a day later. One week after that, EEH received its £13.1m dividend from WDSSPR, which was subsequently paid out to Sony and Disney.

The revelation that the two companies have received millions of pounds from a Russian joint venture since the outbreak of the war comes at a time of continued scrutiny of Western business operations in the country.

Campaign group B4Ukraine has pressured companies that still have operations in Russia to fully cut ties.

Many companies that have tried to exit the country have found it difficult, with several forced by the Kremlin to sell their assets on the cheap. The boss of Carlsberg has said its business in Russia was “stolen” by authorities.

Over £9m in Russian accounts

Click for Full Text!


Poster Comment:

Caught.

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: All (#0)

Disney has taken a long slide downhill since Walt passed on. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2025-01-05   20:24:24 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]