Streaming giant Netflix launched a 100 million-U.S. dollar fund to help actors and production crews endure the hit to paychecks caused by COVID-19.
The fund is meant to help offset hardship in the “creative community,” with most of the money going to financially troubled workers on Netflix productions around the world. Netflix is in the process of figuring out details of how money from the fund will be distributed.
The Silicon Valley-based company had already committed to keeping cast and crew of suspended productions on the payroll for an additional two weeks. About 15 million U.S. dollars of the fund will go to organizations and non-profit groups providing emergency relief to out-of-work film crews and actors in countries where it has a large production base.
The move comes amid “shelter in place” orders in California and many other areas, and the closing of many business operations that could result in a surge in joblessness.