Netflix Gives Back to the Creative Industry with $100 Million USD Coronavirus Relief Fund
“Most of the fund will go towards support for the hardest hit workers on our own productions around the world.”
Netflix has announced that it has created a $100 million USD fund to help workers in the creative community who are currently unemployed due to the coronavirus pandemic. The streaming platform’s Chief Content Officer, Ted Sarandos, issued a statement via a blog post saying:
“Most of the fund will go towards support for the hardest hit workers on our own productions around the world. We’re in the process of working out exactly what this means, production by production. This is in addition to the two weeks pay we’ve already committed to the crew and cast on productions we were forced to suspend last week.”
In addition, Sarandos has stated that $15 million USD will go to third parties and non-profits providing emergency relief to out-of-work crew and cast in the countries where the company has a large production base. Netflix will also donate $1 million USD each to non-profits in North America such as the SAG-AFTRA Covid-19 Disaster Fund, the Motion Picture and Television Fund and the Actors Fund Emergency Assistance in the U.S., as well as $1 million USD between the AFC and Fondation des Artistes in Canada.
Additionally, the streaming giant will be working with other organizations in Europe, Latin America and Asia to create similar emergency relief efforts. Specific donation details will be shared sometime this week, so stay tuned.
You can head on over to Netflix’s website to read the full post. In related news, Rihanna’s Clara Lionel Foundation has donated $5 million USD to help fight the outbreak.