Russia’s war in Ukraine has sent shockwaves around the world. Amid the chaos and destruction, the international distribution community, which we record, is reacting in real time with dismay and uncertainty.
The human impact is stark and overwhelming. Inevitably, there are significant consequences for local businesses.The devastation being wrought by Vladimir Putin has almost made business needs pale into insignificance.
That said, there are real concerns over what happens to longstanding partners in Ukraine and Russia as well as question marks over existing and future deals with one of the world’s key international territories.
Russia has long been a top ten box office market and often accounts for 5-10% of the international finance of movie packages at markets.This week the leading US studios made their mark by pulling movies from the country.
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