Film studio Disney has said hackers have threatened to release one of the studio’s forthcoming movies unless it pays a ransom.
Disney CEO Bob Iger told ABC employees about the demand at a town hall meeting.
He did not name the film, but Deadline reports that it is Pirates of the Caribbean: Dead Men Tell No Tales.
Mr Iger said Disney is refusing to pay, and that the studio is working with federal investigators.
He added that the hackers had demanded the ransom in bitcoin and that they would release the film online in a series of 20-minute chunks unless it was paid.
The Walt Disney Company, commonly known as Disney, is an American diversified multinational mass media and entertainment conglomerate, headquartered at the Walt Disney Studios in Burbank, California. It is the world’s second largest media conglomerate in terms of revenue, after Comcast.
Disney was founded on October 16, 1923 – by brothers Walt Disney and Roy O. Disney – as the Disney Brothers Cartoon Studio, and established itself as a leader in the American animation industry before diversifying into live-action film production, television, and theme parks.
The company also operated under the names The Walt Disney Studio and then Walt Disney Productions. Taking on its current name in 1986, it expanded its existing operations and also started divisions focused upon theater, radio, music, publishing, and online media.