Netflix Announces $100 Million Relief Fund

Netflix Announces $100 Million Relief Fund

Netflix Announces $100 Million Relief Fund

The fund will support staff affected by pandemic.

The fund will support staff affected by pandemic.

Text: Laura Sanchez

Industries across the board are experiencing economic hardships during the spread of this pandemic, but company leaders are stepping in to provide aid as we await federal and local government support. Netflix has announced that it will help members of the creative community by creating a $100 million relief fund. 

The streaming giant has vouched to help hourly employees who have been hit the hardest and are unable to work from home—like carpenters, drivers, and electricians. “This community has supported Netflix through the good times, and we want to help them through these hard times, especially while governments are still figuring out what economic support they will provide,” Chief Content Officer Ted Sarandos stated.

Mass unemployment has frozen production affecting thousands. Netflix is allocating $15 million for third parties and nonprofits that offer emergency relief to out-of-work crew and cast in countries where there’s a large production base. They will donate $1 million each to the SAG-AFTRA COVID-19 Disaster Fund, the Motion Picture & Television Fund, and the Actors Fund Emergency Assistance in the U.S., as well as $1 million between the AFC and Fondation des Artistes. 

“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,” Sarandos stated.

NEW YORK - FEBRUARY 01: Netflix Chief Content Officer Ted Sarandos attends the North American Premiere Of "Lilyhammer", a Netflix Original Series at Crosby Street Hotel on February 1, 2012 in New York City. (Photo by Jason Kempin/Getty Images for ID-PR)

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