Netflix Announces $100M Funds For Creative Community Worldwide

by StartupWorld Staff         

Netflix has established a $100 million relief fund for the workers of the creative community worldwide as they are left unemployed due to the COVID-19 outbreak, which has caused a halt for most television and film productions. Netflix relief fund will support the cast and crew members who have gone out of work.  

Netflix's Chief Content Officer Ted Sarandos said the spread of novel coronavirus has stopped various business operations, including the creative community. Every film and television production houses are ceased worldwide. It has also affected thousands of cast and crew members jobless, including hourly-paid workers such as carpenters, electricians, and drivers. A few of the crew and cast members also work on a project-to-project basis. 

According to Ted, the massive portion of the fund will support crew members of Netflix's production houses worldwide. Along with this, it will also supplement its cast and crew members with two weeks of pay as per Netflix's earlier commitment. 

Netflix Announces $100M Funds For Creative Community Worldwide

According to The Hollywood Reporter, the International Alliance of Theatrical Stage Employees (IATSE) members, including editors, production designers, cinematographers, etc., have lost over 120,000 jobs. Since the COVID-19 infection increased, it has halted the television and film industry. Lately, the International Cinematographers Guild and Motion Picture Editors Guild talked to the local government bodies regarding the financial aiding for their members. 

To help the television and film industry, Netflix will distribute $15 million of its funds to non-profit offering emergency relief and large production’s third parties cast and crew members who are unemployed because of the outbreak. Netflix mentioned that out of this $15 million, it would donate $1 million to the SAG-AFTRA COVID-19 Disaster Fund. In addition, $1 million each would be donated to the Motion Picture & Television Fund and the US's Actors Fund Emergency Assistance. Fondation des Artistes and the AFC will share a $1 million donation. Besides, the streaming firm is also working with industry organizations to support relief efforts in Latin America, Europe, and Asia, where a lot of Netflix's movies and web series are shot.


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