Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

Netflix suspends service in Russia

Published 03/06/2022, 03:54 PM
Updated 03/06/2022, 04:35 PM
© Reuters. FILE PHOTO: A photo of the logo of the  Netflix  streaming service provider in Paris September 15, 2014.  REUTERS/Gonzalo Fuentes
NFLX
-

(Reuters) -Netflix Inc has suspended its service in Russia, a company spokesperson said on Sunday.

Earlier this week, Netflix (NASDAQ:NFLX) temporarily stopped all future projects and acquisitions in Russia as it assessed the impact of Moscow's invasion of Ukraine.

"Given the circumstances on the ground, we have decided to suspend our service in Russia," the Netflix spokesperson said.

Netflix had earlier said it had no plans to add state-run channels to its Russian service, despite a regulation that would require it to distribute state-backed channels.

Latest comments

That will ****** them off. No Netflix.
shows you the corporations are running this world , the governments can't do anything
Netflix is ********anyways
Whats the war got to do worh ordinary Russian citizens?
never had netflix subscription and never will! and I live in usa
anyway they stopped to broadcast modern family... 🙄
Russians cannot watch Tinder swindler anymore
🤣🤣🤣
no Netflix, no FB and Twitter, no debt repayments, no CNN. I kinda feel envy
They are devastated in Russia now they can no longer pay for the Netflix garbage!
ex se ,, youho, 0.
so earnings report will disappoint again
That's good, but they should suspend service everywhere, it's trash.
awesome incoming next shitty earnings report
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.