Disney bosses have yet to confirm Johnny Depps new Pirates of the Caribbean movie is the film at the centre of the drama.
According to The Hollywood Reporter, Disney CEO Robert Iger revealed during a town hall with employees that one of the studio's movies had been stolen by hackers, who demanded a huge ransom in exchange for not dumping the highly anticipated film on the Internet in advance of its release. Disney apparently refuses to pay, and is working with the Federal Bureau of Investigation, according to Deadline.
Disney was not immediately available for comment.
At a company meeting on Monday (local time), Mr Igner told staff that hackers are demanding a large bitcoin payment to keep the film under wraps.
A hacker last month leaked the upcoming season of Netflix's popular TV show "Orange is the New Black" after the company refused to meet the hacker's ransom demand.
The Hollywood Reporter said that the film could be the latest entry in the "Pirates of the Caribbean" franchise, or perhaps "Cars 3". They then chose to release the next nine episodes "after many lengthy discussions at the office where alcohol was present, " according to a press release from the hackers obtained by Heavy.
They have threatened to release the entire title in five minute snippets and could follow through after Iger vowed Disney wasn't going to pay. "All these companies like Disney, Netflix and Discovery may have very good security teams but you have all these vendors and small production companies which don't have great security and probably don't have the budget to focus on their own security so hackers get in pretty easily", he said.
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.