Netflix donates ₹7.7 crore to India out of its ₹764.2 crore Coronavirus fund to help the creative community across the world
- Netflix donated ₹7.5 crore to the Producers Guild of India (PG) Relief Fund to help daily wage earners in the
- The streaming giant has pledged a total of ₹764.2 crore ($100 million) to help the global creative community.
- The donation to PGI is a part of its ₹114.63 crore ($15 million) allocation for emergency relief to out-of-work crew and cast in the countries where Netflix has a large production base.
"We're grateful to be working with the Producers Guild of India to support the hardest hit workers in TV and film production - from electricians to carpenters, hair and makeup artists to spot boys. Crews in India have always been vital to Netflix's success and now we want to do our part and help those who most need support in these unprecedented times," Netflix spokesperson said in a statement.
Siddharth Roy Kapur, President, Producers Guild of India said, he values Netflix's contribution to the fund.
"I am proud of and thankful to the entire fraternity for contributing to the fund we have created to support our colleagues at this difficult time. We value Netflix's generous commitment to this fund and their resolve to help those who need our help the most."
In addition to this, in India, Netflix has also committed up to four weeks of pay to help all core below-the-line crew and cast who were scheduled to work on the streamer's productions in India, which were forced to be suspended due to coronavirus pandemic.
Last month, Netflix announced USD 100 million fund to help the creative community across the world.
While most of the fund is pledged towards supporting the hardest hit workers on Netflix productions around the world, USD 15 million of the fund will go to third parties and non-profits providing emergency relief to out-of-work crew and cast in the countries where Netflix has a large production base. The platform's Rs 7.5 crore contribution to PGI fund is part of this USD 15 million fund.
Popular on BI
- ‘Padman of 2022’: Shark Peyush Bansal offers founder of women’s hygiene startup PadCare a blank cheque
- Gautam Adani lost $52 billion in 6 days. That's over 3 times what Sam Bankman-Fried lost in a similar timeframe.
- A 45-year-old biotech CEO may have reduced his biological age by at least 5 years through a rigorous medical program that can cost up to $2 million a year, Bloomberg reported
- Measures in place to address excess volatility: Sebi on Adani crisis
- Revival of rural economy to take time in the absence of triggers: JM Financial
- Logistics startup FarEye lays off 90 employees, 2nd job cut in 8 months
- Vani Jayaram, the voice behind 10,000 songs, passes away at 78
- Not the first time FPO is taken back, won't affect image of the country: FM