Netflix creates fund to help employees during pandemic

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With the new coronavirus pandemic affecting the productions of the audiovisual industry, Netflix decided to create a $ 100 million assistance fund. The objective is to offer support to studio employees, who depended on production to receive payment.

Netflix’s head of content, Ted Sarandos, said in a statement that employees in the field of production maintenance and support are most affected. The streaming giant believes that this fund can help them as the government evaluates the best way to help them in the coming months.

“The COVID-19 crisis is devastating for many sectors, including the creative community. Almost all television and film production has already stopped globally – leaving hundreds of thousands without jobs, ”said Sarandos. “This includes electricians, carpenters and drivers, many of whom are paid hourly wages and work according to production. This community has supported Netflix and we want to help them through these difficult times, especially while governments are still finding out what economic support they will provide ”.

About 120,000 employees have lost their jobs since the infection rate started to rise and production was halted. Meanwhile, Hollywood’s leading unions have been lobbying the federal and local governments in the United States to get some support for people who are unemployed.

Support to NGOs and other countries
Of the fund’s $ 100 million, $ 15 million will go to nonprofit organizations that are working to help people who have lost their jobs. In addition, Netflix is ​​also working with organizations around the world to help employees in Europe, Latin America and Asia, where many of their films and series are recorded.

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“What is happening is unprecedented,” said Sarandos. “We are as strong as the people we work with and Netflix is ​​lucky to be able to help the hardest hit in our industry in this challenging period.”


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