Netflix suspends service in Russia

Reed Hastings, CEO of Netflix, attends a news conference in Mexico City, Mexico.

Hector Vivas | Getty Images

Netflix is ​​suspending its service in Russia after the country’s invasion of Ukraine, confirmed CNBC.

“Given the circumstances on the ground, we have decided to suspend our service in Russia,” a spokesman said Sunday afternoon.

The Russian market accounts for a relatively small percentage of Netflix’s total. CNBC has just under 1 million subscribers in Russia, compared to 222 million total paid members worldwide.

Earlier, the streaming service stopped projects and acquisitions in Russia after the country began invading Ukraine. He had four Russian-language series in production and post-production. Netflix also refused to comply with Russian rules for broadcasting news channels.

Companies ranging from technology giants to retailers have begun to take a hard line on Russia, either suspending services or banning sales. This Sunday move makes Netflix one of the last media companies to suspend service in Russia after the start of the war.

Early last week, Disney announced it was suspending all film debuts in the country, including Pixar’s new film “Blushing”. They were followed by Warner Bros., Sony, Paramount Pictures and Universal.

Disclosure: Comcast is the parent company of NBCUniversal and CNBC.

Netflix suspends service in Russia

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