Netflix creates $100m coronavirus relief fund for unemployed workers
120,000 professionals in the entertainment industry have found themselves without work following productions being halted in the wake of coronavirus
Streaming giants Netflix has created a $100m fund for workers left unemployed and unable to receive an income amid the coronavirus pandemic.
Ted Sarandos, chief content officer for the streaming service, said: “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 and drivers, many of whom are paid hourly wages and work on a project-to-project basis. 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.”
Sarandos' announcement provides some respite to the entertainment industry in the US as a reported 120,000 professionals have lost their jobs as the ongoing coronavirus pandemic continues to halt TV and film productions.
$15 million of the Netflix fund is set to go to third parties and non-profits that offer emergency relief to out-of-work crew and cast members in countries with large productions, Variety said.
Netflix will also donate $1m each to the SAG-AFTRA COVID-19 Disaster Fund, the Actors Fund Emergency Assistance in the U.S., the Motion Picture & Television Fund as well as $1 million between the AFC and Fondation des Artistes.
Netflix also plans to bring relief efforts to Asia, Europe and Latin America, where many of their programs are filmed.