Netflix announced Friday that it’s set up a $100 million relief fund for out-of-work entertainment professionals, including the hundreds of thousands of crew and cast without jobs https://t.co/Xg4zKE5w5m
— The Hollywood Reporter (@THR) March 20, 2020
Netflix announced that they are setting up a $100 million relief fund for out-of-work production professionals, including the hundreds of thousands of crew and cast without jobs.
Netflix’s chief content officer Ted Sarandos released a statement. Here’s part of his statement:
“Most of the fund will go towards support for the hardest hit workers on our own productions around the world,” wrote Sarandos. “We’re in the process of working out exactly what this means, production by production.”
He also stated that Netflix has been providing two weeks pay to the casts and crews that had their productions suspended last week.
Sarandos also announced that Netflix is pledging $15 million of the fund to "go to third parties and non-profits that offer emergency relief to out-of-work crew and cast in countries where there’s a large production base”
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