March 11, 2022
Sony Pictures Entertainment has reportedly joined a growing Hollywood ban on all business ventures in Russia due to President Vladimir Putin’s unprovoked invasion of neighboring Ukraine. The studio has previously halted the theatrical release of Morbius in Russia.
In a March 11 memo to staff, chairman/CEO Tony Vinciquerra cited the ongoing carnage Russian troops are wreaking on Ukraine cities and civilian populations, leaving thousands dead and millions displaced or forced to flee the country.
“We stand with many businesses around the world who have now paused their business operations in Russia, and in support of the humanitarian efforts currently underway in Ukraine and the surrounding region,” Vinciquerra said.
The executive said the ban includes planned home entertainment releases such as Spider-Man: No Way Home, any future television distribution deals. Recently acquired Crunchyroll also suspended its anime streaming service in Russia.
“Our thoughts and prayers remain with those who have been impacted and it is our hope that a peaceful resolution can be found soon,” Vinciquerra said.