Netflix Just Created a $100 Million Coronavirus Relief Fund

Netflix has just announced the creation of a $100 million relief fund to help members of the artistic community who are unemployed as a result of the coronavirus pandemic. As workers whose jobs don’t allow them to “work from home, ” crew laborers on film and television makes are unable to earn an income during this difficult time.

“The COVID-1 9 crisis is devastating for numerous industries, including the imaginative society. Almost all television and film production has now ceased globally — leaving hundreds of thousands of crew and cast without positions, ” Netflix’s chief content officer Ted Sarandos said in a statement. “These include electricians, carpenters and drivers, many of whom are paid hourly wages and work on a project-to-project basis. This society has supported Netflix through the good times, and we want to help them through these hard times, extremely while governments are still figuring out what economic support they will provide.”

The bulk of the money from the coronavirus aid store will go toward supporting laid-off crew members on Netflix yields. “We’re in the process of working out exactly what this implies, product by yield, ” said Sarandos. “This is in addition to the two weeks pay we’ve previously committed to the crew and assigned on creations “were just” forced to suspend last week.”

$15 million of the fund will go to third parties and non-profits that offer emergency relief to out-of-work crew and give in countries where there’s a large production base. In the U.S. and Canada, Netflix will donate$ 1 million each to non-profits the SAG-AFTRA Covid-1 9 Disaster Fund, the Picture show and Television Fund and the Actors Fund Emergency Assistance in the US, and$ 1 million between the AFC and Fondation des Artistes.

” What’s happening is unprecedented ,” said Sarandos.” We are only as strong as the people we work with and Netflix is fortunate to be able to help those hardest hit in our manufacture through this challenging time .”

The company too plans to work with existing industry organizations in other regions, including Europe, Latin America and Asia where numerous Netflix movies and testifies are filmed, to create same creative community emergency relief efforts. Meanwhile, mode and appeal labels like Pyer Moss, LVMH and L’Oreal have also stepped up to offer support in any way possible.

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