With the Coronavirus quarantine, there are employees in the entertainment industry around the world who are suffering the consequences. Productions of films or series are being canceled, or suspended and the “belt is tightening”. Therefore, Netflix will help these employees financially.
The company will set up a $ 100 million fund to help industry employees. The money will be redirected to organizations dedicated to adjusting teams that have become unemployed as a result of the outbreak of COVID-19.
The funds will mostly help employees in countries where Netflix maintains a strong presence in content creation. Additionally, Netflix says it will guarantee payments for the total month of March, to teams that have had their work interrupted.
Netflix will make additional donations to institutions related to the entertainment industry
In addition to the $ 100 million fund, Netflix will also donate $ 1 million to the American Federation of Television and Radio Artists (SAG-AFTRA), Disaster Foundation for COVID-19 and the American actor assistance fund.
These are organizations that help artists or employees of the entertainment industry in financial difficulties. The truth is that the donated amounts will not be enough to eliminate the negative impact, but it is an extremely welcome help.
It is a precise effort at a difficult time. In the United States, the country is in a quarantined state, where COVID-19 cases continue to rise daily. Companies like Apple, Samsung and others have already closed their stores, including. The financial impact of this pandemic will be significant.