March 20, 2020
The COVID-19 outbreak has brought the film and TV industry to a standstill, but Netflix is stepping in to ease the financial burdens of its workers.
Entertainment studios have postponed film and TV productions in hopes to slow the spread of the novel coronavirus in the U.S., leaving industry professionals out of work and fearful of their financial futures.
However, Netflix has just announced the launch of a $100 million fund that aims to support the cast and crew members, including those working on Stranger Things, The Witcher, and Russian Doll, who are now reeling from the effects of the COVID-19 pandemic.
In a statement on the streamer’s blog, Chief Content Officer Ted Sarandos said, “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. So we’ve created a $100 million fund to help with hardship in the creative community.”