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Ted Sarandos
Denise Petski-Senior
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Ted Sarandos
Denise Petski-Senior
Netflix Establishes $100 Million Coronavirus Relief Fund
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deadline.com
deadline.comBy Denise Petski Senior Managing Editor Netflix is giving back to the creative community as the entertainment industry reels from the fallout of the coronavirus pandemic.
In a company blog post Friday, Ted Sarandos, Chief Content Officer, said the streamer has established a $100 million fund to help those workers hardest-hit in the television and film industry by the outbreak.
Most of the funds will go toward hardest-hit workers on Netflix’s own productions around the world, Sarandos said, the logistics of which are being worked out, production by production.
The company had already committed to paying workers two weeks pay following the production suspensions last week. Sarandos said $15 million will go to third parties and non-profits
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