Disney's next two movies scheduled for release are Pirates of the Caribbean: Dead Men Tell No Tales on May 26, and Cars 3 on June 16. The hackers have threatened to release the movie if the ransom has not been paid.
Online thieves claim to have the unreleased fantasy-action movie in their possession and are threatening to leak the film unless Disney pays them ransom! The hackers said they would release the film in parts should their demands go unmet.
Iger didn't identify the movie, and the Burbank-based Disney declined to comment. A hacker group has claimed responsibility and they say it only occurred because Netflix refused to pay a ransom.
Hector Monsegur works for Rhino Security Labs, and was a former computer hacker-turned-FBI informant.
"Attribution is probably the hardest thing the Federal Bureau of Investigation is dealing with here".
It's unsure if the same hackers are behind the Disney incident.
Deadline said the hackers are demanding a huge sum of cash via an online currency called Bitcoin and will release the production piece by piece until the money is paid.
"And like all movies, Pirates would appear on torrent sites regardless practically the day of its release, so the hackers seem to be really over-estimating their impact here".
But Iger insists the company bosses have chosen not to pay up. "Any studio is going to have a problem moving forward protecting their IPs".
The last four installments in the franchise have been huge successes for Disney, collectively grossing almost $3.73 billion worldwide, according to The Los Angeles Times. It remains to be seen if this attack will impact the opening weekend numbers next week.