Netflix allots $100 million emergency fund for creatives affected by COVID-19

Netflix, you kind son of a gun, you’ve done it.

Netflix has allotted a whopping $100m fund for the creatives whose livelihoods have been affected by the COVID-19 pandemic.

Without a doubt, the pandemic has created a shortage of work––opting to just work-from-home and cancel work altogether for the sake of the well-being of any employee. However, the streaming platform has announced that it will be supporting those who have found themselves workless for the time being. Of course, the majority of the humongous amount will be going to those who have been affected by the collapse of Netflix’s own productions. For example, the second season of The Witcher wherein they’ve shut down all productions as Kristofer Hivju tested positive for coronavirus, or Money Heist in regards to Itziar Izuño also testing positive for the virus.

“The Covid-19 crisis is devastating for many industries, including the creative community,” Ted Sarandos, the chief content officer, said in a statement. “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. 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.”

Alongside the announced $100m, the streaming giant will also be paying their workers two weeks’ worth of wages. To add to that, the platform will also be offering $15m to not-for-profits that offer emergency relief to out-of-work cast and drew members in other countries that also have major productions.

“What’s happening is unprecedented,” Sarandos added.

“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.”

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