News & Events

Netflix creates $100 million fund to help displaced film and TV workers – Source Reuters Tech News

FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson

LOS ANGELES (Reuters) – Netflix Inc has established a $100 million fund to assist workers on film and television productions that have been shut down due to the global coronavirus outbreak, the company said on Friday.

Hundreds of thousands of cast and crew around the world have lost work amid the crisis. That includes electricians, carpenters, drivers and other hourly workers.

The world’s largest streaming media service said most of the fund would be given to the hardest-hit people on its own productions. The assistance will be provided in addition to the two weeks pay the company already had promised for workers on productions that were suspended last week.

The company also said $15 million of the fund would go to third parties and non-profit organizations that were providing emergency relief to out-of-work crew and cast in countries where Netflix…

Read More…

Source Reuters Tech News

Source link