admin Netflix announced on Friday that it is securing a $100 million relief fund for creative workers in the worldwide affected by the coronavirus which caused halt of most film and television production.
Ted Sarandos, Netflix’s chief creative officer, said, “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.”
He also added that the majority of the funds will support the hardest-hit workers on Netflix’s own productions all around the world, and will supplement the two weeks of pay to the cast and crew on suspended productions agreed by the company.
He expressed, “What’s happening is unprecedented.”Adding tothe statement he said,“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.”
The electricians, carpenters, and drivers to a certain extent work on project basis, are among the hundreds of thousands in the entertainment industry all jobless, he said. $15 million of the fund will be assigned to “third parties and non-profits providing emergency relief to out-of-work crew and cast in the countries where we have a large production base,”In an effort to support the broader film and television industry said in a statement.
In attempt to hold the spread of the coronavirus have left the entertainment industry reeling, with the suspensions, closures, and postponements of the events.With high amount of people stuck at home government restrictions or by choice, streaming services such as Netflix, Hulu and Amazon has been a bright spot for the industry and consumers. Netflix griped the last days of production out of its drama series ‘The Crown,’ in an effort to keep its pipeline from shutting entirely. This was concluding season-four taping week in London.
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