Hackers claim to be holding Disney movie for ransom

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Disney chairman Bob Iger said Monday hackers claiming to have access to one of the company's major unreleased movies were demanding a "huge" ransom or they would release it online bit by bit, according to U.S. media reports.

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.

The Walt Disney Co chief reportedly said that the hackers are demanding "a huge sum" in Bitcoin and are threatening to release parts of the film, starting with the first five minutes, followed by subsequent 20-minute segments until the ransom is paid.

He didn't name the movie, but one of the studio's biggest anticipated summer releases, ironically, is "Pirates of the Caribbean: Dead Men Tell No Tales", scheduled for release May 26th.

The studio made the disclosure while a global WannaCry ransomware cyberattack is happening globally.

Even as many businesses are anxious about hackers taking control of their computers as part of the worldwide WannaCry ransomware crisis, the Walt Disney Co. may be facing a slightly different ransom situation of its own.

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Joachim Ronning, the director of the films series, crushed the rumors alleging this would be the last installment of the series. However, an online chatter tipped that the rumor was a hoax.

Netflix recently had the same issue with a hacker released 10 episodes of Orange Is The New Black after their demands weren't met.

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

"Who is next on the list?" We're not playing any games anymore, tweeted the entity behind the username thedarkoverload.

The Associated Press reported that the FBI was investigating the incident.

The ransom business on the internet seems to be booming this week.