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Netflix Establishes $100 Million Coronavirus Relief Fund

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Netflix is giving again to the inventive neighborhood because the leisure business reels from the fallout of the coronavirus pandemic. In an organization weblog put up Friday, Ted Sarandos, Chief Content material Officer, stated the streamer has established a $100 million fund to assist these employees hardest-hit within the tv and movie business by the outbreak.

A lot of the funds will go towards hardest-hit employees on Netflix’s personal productions all over the world, Sarandos stated, the logistics of that are being labored out, manufacturing by manufacturing. The corporate had already dedicated to paying employees two weeks pay following the manufacturing suspensions final week.

Sarandos stated $15 million will go to 3rd events and non-profits offering emergency reduction to out-of-work crew and solid within the international locations the place the corporate has a big manufacturing base.

Associated Story

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COPYRIGHT_BP: Published on https://bingepost.com/netflix-establishes-100-million-coronavirus-relief-fund/68470/ by Cecilia Jones on 2020-03-20T19:02:42.000Z

Coronavirus: BAFTA In Talks With Distributors About 2021 Eligibility Flexibility

](https://deadline.com/2020/03/coronavirus-bafta-talks-distributors-2021-eligibility-flexibility-1202888744/)

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Within the U.S. and Canada, Netflix will donate $1 million every to non-profits the SAG-AFTRA Covid-19 Catastrophe Fund, the Movement Image and Tv Fund and the Actors Fund Emergency Help within the US, and $1 million between the AFC and Fondation des Artistes. The corporate will likely be working with present business organizations in different areas, together with Europe, Latin America and Asia the place Netflix has an enormous manufacturing presence, to create related inventive neighborhood emergency reduction efforts. Particulars will likely be shared subsequent week.

You possibly can learn the whole weblog put up in full under.

The Covid-19 disaster is devastating for a lot of industries, together with the inventive neighborhood. Virtually all tv and movie manufacturing has now ceased globally – leaving a whole lot of hundreds of crew and solid with out jobs. These embody electricians, carpenters and drivers, lots of whom are paid hourly wages and work on a project-to-project foundation.

This neighborhood has supported Netflix by the great occasions, and we wish to assist them by these laborious occasions, particularly whereas governments are nonetheless determining what financial assist they are going to present. So we’ve created a $100 million fund to assist with hardship within the inventive neighborhood.

A lot of the fund will go in the direction of assist for the toughest hit employees on our personal productions all over the world. We’re within the strategy of figuring out precisely what this implies, manufacturing by manufacturing. That is along with the 2 weeks pay we’ve already dedicated to the crew and solid on productions we have been compelled to droop final week.

Past serving to employees on our personal productions, we additionally wish to assist the broader movie and tv business. So $15 million of the fund will go to 3rd events and non-profits offering emergency reduction to out-of-work crew and solid within the international locations the place we have now a big manufacturing base.

In the US and Canada non-profits exist already to do that work. We will likely be donating $1 million every to the SAG-AFTRA Covid-19 Catastrophe Fund, the Movement Image and Tv Fund and the Actors Fund Emergency Help within the US, and $1 million between the AFC and Fondation des Artistes. In different areas, together with Europe, Latin America and Asia the place we have now an enormous manufacturing presence, we’re working with present business organizations to create related inventive neighborhood emergency reduction efforts. We are going to announce the main points of donations to teams in different international locations subsequent week.

What’s taking place is unprecedented. We’re solely as robust because the folks we work with and Netflix is lucky to have the ability to assist these hardest hit in our business by this difficult time.

Ted Sarandos, Chief Content material Officer

](https://deadline.com/2020/03/coronavirus-bafta-talks-distributors-2021-eligibility-flexibility-1202888744/)

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About The Authors

Cecilia Jones

Cecilia Jones - Cecilia Jones loves to write about movies, music, and the most popular and exciting news.

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