Disney and Sony Pictures Entertainment formed in 1997 a film distribution joint venture in Southeast Asia. By December 2006, 14 joint distribution ventures with Sony Pictures Releasing International were formed and exist in countries including Brazil, Mexico, Singapore, Thailand and the Philippines. In January 2007, their fifteenth such partnership began operations in Russia and CIS. In February 2017, Sony starting leaving the Southeast Asia venture with the Philippines. In August 2017, Sony terminated the joint venture agreement for their own operations. On January 31, 2019, in anticipation of the then-pending acquisition of the most 21st Century Fox assets (which includes 20th Century Fox), Disney agreed to sell its stake in the Mexican joint venture named Walt Disney Studios Sony Pictures Releasing de México to Sony Pictures Releasing.