Netflix Pledges US$100 Million to Lessen Coronavirus Impact
A hero has emerged! Netflix has announced the creation of a US$100 million fund to help lessen the pandemic's impact against the creative industry, which has largely ground to a halt due to the outbreak.
The Covid-19 crisis is devastating for many industries, including the creative community. Almost all television and film production has now ceased globally - leaving hundreds of thousands of crew and cast without jobs. These include electricians, carpenters, drivers, hair and makeup artists and more, many of whom are paid hourly wages and work on a project-to-project basis.
Most of the fund will support the hardest-hit workers on Netflix's own productions around the world, in addition to the two weeks pay already committed to the cast and crew of suspended productions.
Aside from helping their own workers, Netflix has also pledged US$15 million to "third parties and non-profits providing emergency relief to out-of-work crew and cast" in the countries where they have a large production base.
They will also be donating US$1 million to the following:
Actors Fund Emergency Assistance in the US
What’s happening is unprecedented. 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 industry through this challenging time.
- Ted Sarandos, Chief Content Officer
Nice one, Netflix. Now, let's hope more good guys emerge to help those who have had their livelihood affected by this global crisis.