ViacomCBS Launches $100 Million COVID-19 Relief Fund
ViacomCBS has arrange a $100 million aid fund to assist these impacted by COVID-19, based on a memo to workers Thursday from CEO Bob Bakish.
It’s the most recent firm to determine funds to assist employees displaced by a shutdown of movie and TV manufacturing because of the unfold of the coronavirus pandemic. These funds can even assist grants by the Movement Image & Tv Fund and The Actors Fund, in addition to contributions to charitable organizations
Bakish’s full memo:
Staff,
As , COVID-19 has had an unprecedented impact on our business, and, our firm has responded in a large number of the way to take care of the disaster. This contains pivoting largely to do business from home, placing new worker help applications in place, altering our strategy to dwell manufacturing, utilizing our media and types to assist shoppers and rather more. At the moment, I needed to present you an replace on a number of the more moderen developments.
COPYRIGHT_BP: Published on https://bingepost.com/viacomcbs-launches-100-million-covid-19-relief-fund/91390/ by Hilda Workman on 2020-04-09T16:58:41.000Z
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One significantly difficult space on this interval has been manufacturing, as we’ve sadly needed to pause most of our TV and movie productions to guard the well being and security of our forged, crew and communities. This, in flip, has put in danger the livelihoods of our colleagues who assist convey these tales to life. In an effort to assist this group, our firm has already dedicated $100 million to assist present assist to these impacted by COVID-19, together with, after all, the non-staff staff on ViacomCBS productions whose operations have been affected. These funds can even assist grants by the Movement Image & Tv Fund and The Actors Fund, in addition to contributions to charitable organizations.
As well as, our manufacturers proceed to assist our audiences and communities, too. The newest instance of this got here this week once we joined the world in acknowledging the unbelievable work of healthcare employees and first responders throughout all of our ViacomCBS linear channels and social accounts with #AloneTogether Thanks First Responders spots. These spots be part of a bunch of campaigns already underway, together with: a sports-focused marketing campaign lately launched by CBS Sports activities and the NFL referred to as #InThisTogether and #StayHomeStayStrong; Nickelodeon used their #KidsTogether particular to lift funds and consciousness for charities targeted on the wants of youngsters and first responders, and BET is producing a aid effort particular, Saving Our Selves, to lift funds for communities of coloration most impacted; Comedy Central’s live-streamed comedy units to lift funds for LaughAid Covid-19 Aid Fund; and our simply introduced The One World: Collectively at Residence occasion in partnership with the World Well being Group and International Citizen throughout our ViacomCBS networks. On this time of disaster, it is necessary that we use our media to assist our shoppers globally. And that is one thing we’ll proceed to look to do.
As we search for different methods to assist our communities, we’ll even be formally launching the brand new ViacomCBS Worker Matching Presents Program within the coming weeks. Starting within the US and UK – and increasing to different areas sooner or later – ViacomCBS will match as much as $1,000 per 12 months of charitable contributions from full-time staff Vice President and beneath. Please keep tuned for a follow-up e-mail with particulars about how one can take part. Within the interim, should you’re in search of methods to present again at a person degree, we’ve posted various digital volunteering alternatives on the COVID-19 useful resource pages of the legacy Viacom and CBS intranets, Greenroom and CBS & You. And know that we are going to be updating these websites with new info and sources as we proceed to work with our companions on different initiatives. So please keep tuned.
In these unsure occasions, giving again and supporting the well-being of our households, communities, and ourselves is extra necessary than ever. And I couldn’t be prouder of how our firm has come collectively to supply aid and assist to those that want it.
Keep nicely,Bob
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About The Authors
Hilda Workman - Hilda Workman is a licensed financial advisor with years of expertise in the industry. She has assisted a range of clients, from sole proprietors to large corporations, in reaching their financial objectives. She is informed about many different financial subjects, including tax preparation, investment planning and also in fashion. She believes that the best things are those that are imperfect.
