Agreement on bases in Syria to serve strengthening of stability in Middle East — MPRussian Politics & Diplomacy January 20, 21:18
Trump's inaugural address: When America is united, America is totally unstoppableWorld January 20, 20:57
Hermitage chief: New Palmyra destruction comes across as militants' vengeanceRussian Politics & Diplomacy January 20, 20:29
Russia's first deputy PM wants to keep current tax system for next political cycleBusiness & Economy January 20, 19:53
Russia’s Shipulin clinches gold in 20km individual race of IBU World Cup stage in ItalySport January 20, 19:18
Prominent Russian adventurer Konyukhov to take samples from Mariana Trench floorSociety & Culture January 20, 19:15
Gazprom CEO says North Stream-2 pipeline proves relevanceBusiness & Economy January 20, 19:10
More survivors found in avalanche-hit Italian hotel — mediaWorld January 20, 18:48
Donald Trump takes office as 45th US PresidentWorld January 20, 18:21
MOSCOW, November 27. /TASS/. US company Walt Disney may decrease or even abandon investment in Russian mass media in the wake of a recent law on foreign interest in mass media, which restricted it to 20%, the company said in a report sent to the US Securities and Exchange Commission Thursday.
Due to the recently adopted law, the company may be forced to decrease its presence in Russia by January 2016. The company is assessing its possibilities in the framework of the new regulations and depending on the assessment will make a decision to cut or halt investment, the company said.
In 2011, Walt Disney purchased a 49% stake in the Semyorka TV channel for $300 million. The remaining 51% of the channel is owned by Alisher Usmanov’s UTH Russia.
The law will come in force from January 1, 2016. Mass media owners must draw all corporate activities in compliance with the law by February 1, 2017, and new documents on owners and founders must be filed to the communications watchdog by February 15, 2017.