Netflix created a $100 million fund to help workers who are without jobs because of the global halt in TV and film production
Most of Netflix's relief fund will go toward supporting the people involved in Netflix's own projects, the company said. It's still in the process of figuring out how to distribute that money.
"Almost all television and film production has now ceased globally — leaving hundreds of thousands of crew and cast without jobs," Ted Sarandos, Netflix's chief content officer, said in a statement announcing the fund. "What's happening is unprecedented. 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.
: Companies that generate significant shares of their revenue from theme parks, films, and advertising are most sensitive to the pandemic, and a potential economic downturn it could ignite.
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