Hackers claim to be holding Disney movie for ransom

Hackers claim to be holding Disney movie for ransom

However, Iger is reported to have said that Disney is flatly refusing to pay any ransom, and sources claim the studio is now working with the Federal Bureau of Investigation and waiting to see if the hackers make good on their threat to release the first portion of the film.

Walt Disney Co Chief Executive Bob Iger has revealed that hackers claimed to have access to an unnamed upcoming movie and have demanded a ransom, the Hollywood Reporter said on Monday. The hackers have demanded an enormous undisclosed amount of money be paid in Bitcoin.

The Disney hack comes as studios and production outfits have dealt with increasing security threats presented by hackers.

Iger did not disclose the movie's title, but noted that Disney is refusing to pay the ransom, The Hollywood Reporter added.

The film in question is believed to be Pirates of the Caribbean: Dead Mean Tell No Tales, according to Deadline.

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According to the CEO, the perpetrators of the crime informed Disney that they would release the first five minutes of the film and continue to leak 20-minute chunks until the ransom is paid.

Disney did not immediately respond to a Guardian query seeking confirmation. Now there has been a shift with the advent of ransomware so (these companies) are getting demands to pay for their own IP.

It was also reported in recent weeks that a hacker stole ten episodes of the upcoming season of "Orange is the New Black" from Netflix (NASDAQ: NFLX).

The Pirates Of The Caribbean franchise has pulled in an nearly incomprehensible $3.72 billion in worldwide box office since the first installment in 2003.

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