Netflix Just Pulled Out of Russia. So Will Everyone Else.

Russia joins China as a place where Western media companies can no longer do business.

Photographer: Michael Nagle/Bloomberg

A programming note before we get started today: I will be in Austin next weekend for South by Southwest. Please reach out if you will be there and want to grab some barbecue or a beer.

Just a couple of hours before I was going to hit publish on this week’s newsletter, a Netflix executive called to let me know the company would be pulling out of Russia. New customers can no longer sign up, and existing customers will likely lose access in the coming days and weeks.