Netflix Raises $ 100 Million Fund for Industry Workers

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The Covid-19 has brought the film and television industry to a crossroads, yet Netflix has taken a step to alleviate the negative financial effects on its workers.

The entertainment platform has postponed all of its film and television productions with the intention of slowing down the spread of the new coronavirus, leaving thousands of workers and industry professionals out of work at the time.

Netflix announced a $ 100 million fund that seeks to support actors and crew members in all of their productions.

In a statement, the company’s chief content officer, Ted Sarandos said, “This ad has supported Netflix during good times and we want to help them through these difficult times, especially as governments seek solutions to economic challenges. So we created a $ 100 million fund to help the creative community through these difficult times. ”

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