The Latest Pirates Of The Caribbean Is Being Held To Ransom

According to The Hollywood Reporter, Disney CEO Bob Iger confirmed the news during a meeting in NY on Monday, explaining that the culprits are insisting they will release bits of the film - in increments - if their demands aren't met.

Iger says Disney is not paying, and it's working with federal investigators on the case.

Countdown to the release of Pirates of The Caribbean: Dead Men Tell No Tales, with The Movie Hype App.

Walt Disney Co Chief Executive Bob Iger has revealed that hackers claimed to have access to an unnamed upcoming movie and have demanded a ransom, the Hollywood Reporter said on Monday.

In 2014 hackers paralysed Sony Pictures and demanded the studio cancel distribution of The Interview, a comedy about a plot to assassinate North Korea's leader, Kim Jong-un.

More news: Man United, Ajax advance to Europa League final

The hackers first tried to pressure the post-production company, but eventually targeted Netflix with ransom demands.

The Disney hack comes as studios and production outfits have dealt with increasing security threats presented by hackers.

Last month, an anonymous hacker or group of hackers, going by the name TheDarkOverlord (TDO), released the first 10 episodes of the fifth season of the Netflix show, "Orange is the New Black" on Pirate Bay, a popular file-sharing site. The hackers have however threatened to release increasingly longer pieces of the movie online if they aren't paid.

But Iger insists the company bosses have chosen not to pay up.

Disney's "Pirates of the Caribbean" franchise, which began in 2003, has been hugely successful, earning over $3.7 billion worldwide.

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