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Netflix announces $100M relief fund after TV and film production halted

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When it comes to the leisure enterprise, the COVID-19 outbreak isn’t just affecting film theatres — it has additionally halted TV and movie production around the sector. For Netflix, that has blanketed manufacturing on excessive-profile titles like “The Witcher” and “Stranger Things.”

So the streaming agency simply announced that it has created a $100 million fund that it says will assist the cast and team who’ve all at once found themselves out of labour.

In the assertion Netflix Chief Creative Ted Sarandos said that there are actually hundreds of masses of employees and groups without jobs which incorporate electricians, carpenters and drivers a number of whom are paid hourly wages and paintings on a task to challenge foundation.

He stated that maximum of this cash will go to “the toughest hit employees on our own productions round the world” — although it sounds just like the business enterprise is still figuring out precisely what shape that assist will take. (Sarandos noted that Netflix is already offering two weeks’ pay to the productions suspended last week.)

Related: The Top Netflix Series and Series You Should Watch Right Now

In addition, Sarandos stated $15 million will go to “0.33 parties and non-profits presenting emergency remedy to out-of-work groups and cast in the nations wherein we’ve a massive production base.”

In the US, that includes $1 million each to the SAG-AFTRA COVID-19 Disaster Fund, the Motion Picture and Television Fund and the Actors Fund Emergency Assistance. In Canada, that consists of $1 million, a good way to be split between the AFC and Fondation des Artistes. Elsewhere, Sarandos stated Netflix is “running with present industry companies to create similar creative network emergency comfort efforts.”

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