Walt Disney CEO Bob Iger Reveals Hackers Are Claiming to Have Access to an Unreleased Disney Movie

Iger didn't provide the name of the film, but said Disney refuses to pay the hacker's ransom and is working with federal investigators.

Author:: TheStreet Staff
Publish date:: May 16, 2017 6:56 AM EDT

Walt Disney (DIS) - Get ReportCEO Bob Iger said ha ckers are claiming to have access to an unreleased Disney movie and are demanding a ransom, according to the Hollywood Reporter.

Iger didn't provide the name of the film. He said Disney was refusing to pay the hacker's ransom and was working with federal investigators. Iger said the hackers have demanded a substantial ransom be paid via Bitcoin.

Iger's comments came during a town hall meeting with ABC employees in New York, according to the report.

The hackers have threatened to release five minutes of the film the first time and then in 20-minute chunks until their financial demands are met.

Iger's comments come in the aftermath of the "WannaCry" global ransomware attack that was estimated to have affected more than 200,000 computers in 150 countries since its initial launch last Friday.

This article was written by a staff member of TheStreet.