Hackers Hit Disney

Pirates are targeting Walt Disney.

Pirates are targeting Walt Disney.

CEO Robert Iger says hackers are threatening to release an upcoming movie online unless Disney pays a ransom.

Iger delivered the news on Monday at a town hall for ABC employees in New York City, where the topic of piracy came up.

A source says Iger did not say what the movie was, but Disney would not pay the ransom.

Disney has two big-budget movies due out this summer, Pirates of the Caribbean: Dead Men Tell No Tales and Cars 3.

Shares of the Walt Disney Company are up nearly five percent so far this year.

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