Although Iger did not mention the movie by name during the meeting, Deadline reports that it's a copy of 'Pirates of the Caribbean: Dead Men Tell No Tales'. They have threatened to release the entire title in five minute snippets, and may follow up on that threat - because Iger vowed Monday that Disney wasn't going to pay. In April, a group hacked into the upcoming season of Netflix's hit series, Orange is the New Black and released the first ten episodes online after Netflix failed to adhere to their ransom demands.
And back in 2014, Sony Pictures had its emails hacked in retaliation for releasing The Interview, a comedy movie poking fun at North Korea and its leader Kim Jong-un.
Iger made the announcement at a town hall meeting with ABC employees in NY today. The film stars Johny Depp as Jack Sparrow and will be seen fighting evil Capt. Salazar (Javier Bardem) to escape from the Devil's Triangle.
The Walt Disney Company is reportedly working with federal investigators.
Disney appears to be the latest target of hackers demanding a ransom. It is unclear whether Disney is being targeted by the same hackers.
Netflix also refused to pay an undisclosed ransom amount to hackers, who subsequently released 10 of 13 episodes of the forthcoming season online - weeks ahead of the show's planned June 9 launch.
Geoffrey Rush and Javier Bardem face off in Pirates of the Caribbean: Dead Men Tell No Tales.
The Disney hack also comes shortly after the global ransomware cyber-attack, which debilitated hospitals in the U.K.as well as compromised the security of organizations in at least 99 other countries.