The world’s largest streaming media service, Netflix Inc (NFLX.O) has announced the formation of $100 million fund. The fund has been created to help workers on film and television productions that have been impacted due to the global coronavirus outbreak. The fund will help cast and crew members such as electricians, carpenters, drivers and other hourly workers.
Out of $100 million fund, company will contribute $15 million to third parties and non-profit organizations that were providing emergency relief suspended crew and cast members in countries where Netflix has a large production base.
Important takeaways for all competitive exams:
- Chief Executive Officer of Netflix: Reed Hastings.