Connect with us

Business and Economy

Netflix establishes $100 million virus relief fund

Published

on

The majority of the fund will support hard-hit crews on Netflix’s own productions around the world, Sarandos said, and will supplement the two weeks of pay the company already agreed to pay the cast and crew on suspended productions. (Pexels photo)

LOS ANGELES — Netflix said Friday it is establishing a $100 million relief fund for workers in the worldwide creative community affected by the coronavirus-caused halt of most film and television production.

“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,” Ted Sarandos, Netflix’s chief creative officer, said in a statement.

The majority of the fund will support hard-hit crews on Netflix’s own productions around the world, Sarandos said, and will supplement the two weeks of pay the company already agreed to pay the cast and crew on suspended productions.

Electricians, carpenters and drivers, who largely are paid hourly wages and work on a project-to-project basis, are among the hundreds of thousands in the entertainment industry without jobs, he said.

More than 120,000 jobs have been lost by members of IATSE, the International Alliance of Theatrical Stage Employees that represents cinematographers, editors, production designers and others, according to The Hollywood Reporter. The publication cited correspondence to members from the International Cinematographers Guild and Motion Picture Editors Guild.

In an effort to support the broader film and television industry, $15 million of the Netflix fund will be distributed to “third parties and nonprofits providing emergency relief to out-of-work crew and cast in the countries where we have a large production base,” according to Sarandos’ statement.

In the U.S. and Canada, Netflix said it will donate $1 million each to the SAG-AFTRA Covid-19 Disaster Fund, the Motion Picture and Television Fund and the Actors Fund Emergency Assistance in the United States, and $1 million between the Fondation des Artistes and the AFC, formerly known as the Actors’ Fund of Canada.

Elsewhere, including Europe, Latin America and Asia, Netflix is co-ordinating with industry organizations to create similar relief efforts, Sarandos said, with announcements planned next week on funding those efforts.

“What’s happening is unprecedented,” he said. “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.”

Efforts to contain the spread of the coronavirus have left the entertainment industry reeling, with the suspension of most productions, closures of movie theatres and Broadway plays and concert postponements. With many people housebound by choice or government restrictions, streaming services such as Netflix, Hulu and Amazon have been a bright spot for the industry as well as consumers.

In an effort to keep its pipeline from shutting entirely, Netflix squeezed the last days of production out of its drama series “The Crown,” which was concluding its season-four taping this week in London.

The vast majority of people recover from the new virus. According to the World Health Organization, people with mild illness recover in about two weeks, while those with more severe illness may take three to six weeks to recover.

When the performers union SAG-AFTRA announced earlier this week that its foundation was creating the virus fund, actor and guild President Courtney B. Vance said there had already been a “major spike” in applications and requests for help from its members.

“I am strongly asking leaders and members of the entertainment industry to donate to the foundation so that performers and their families will be given the critical support they need,” Vance said in a statement Monday. The fund will help members cover expenses including rent, mortgage, utilities and medical bills, the guild said.

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle3 weeks ago

Dr. David Suzuki’s Legacy: A Celebration at 90

Celebrating Dr. David Suzuki’s 90th birthday on Friday, May 22  was a true privilege and a great pleasure! My husband,...

Lifestyle4 weeks ago

What I Know Now About Motherhood

Did you know that a mother’s cells can live in her child’s body for their entire lives? This fascinating phenomenon...

Headline2 months ago

Age with Audacity

At 25, I imagined life at 50 would mean I’d be past my prime and grumpy.  Little did I know,...

Lifestyle2 months ago

Spring Clean Your Body, Mind and Home

Spring has sprung! This season is perfect for spring cleaning, but why stop at our homes?  We can also rejuvenate...

Lifestyle3 months ago

Hear Us Roar

There is absolutely nothing wrong with a woman who wants her happily ever after. I certainly did. After 21 years...

Lifestyle3 months ago

The Real Rich

Margaret Atwood aptly captured this dynamic with the phrase, “Old money whispers, new money shouts.”  Let me elaborate on this...

Headline4 months ago

Love in the Afternoon of Life

Love in later life—the 50s, 60s, 70s, and beyond—is a thriving, fulfilling reality. It offers companionship, improved well-being, and joy,...

Headline4 months ago

Your Most Important Relationship is With Yourself

Valentine’s Day shouldn’t be celebrated only for one day. Love should be celebrated everyday. Valentine’s Day, when expanded beyond romance,...

Headline5 months ago

The 2016 Trend Made Me Reflect On My Past & Present

Like many others, I couldn’t resist joining the 2016 throwback trend.  It was all over social media, with everyone sharing...

Headline5 months ago

How To Be Healthier Realistically

It’s a brand-new year and a brand new you! If you’re like me who had been indulging quite a bit...