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Monday, 23 March 2020 10:36

COVID-19: Netflix allocates USD 100 million emergency fund for production industry

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To combat the effects of COVID-19, the global leader in streaming service, Netflix said that it has allocated USD 100 million fund to provide assistance to the creative community, television, and film production crews.

The OTT platform added about $15 million of the fund will go 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.

Netflix chief content officer Ted Sarandos 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.”

He added: “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. Beyond helping workers on our own productions, we also want to support the broader film and television industry. So $15 million of the fund will go 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.”

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