Netflix commits $100M to boost diversity in film, TV
Netflix commits $100M to boost diversity in film, TV
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On Friday, Netflix announced its new endeavor: the Netflix Fund for Creative Equity.
In a lengthy press release, Netflix Co-CEO and Chief Content Officer Ted Sarandos confirmed that the streaming service will invest $100M to build a legacy of inclusion in film and TV.
"We will invest USD $100 million dollars over the next five years in a combination of external organizations with a strong track record of setting underrepresented communities up for success in the TV and film industries, as well as bespoke Netflix programs that will help us to identify, train and provide job placement for up-and-coming talent globally," Sarandos said.
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The executive explained how Netflix worked with Dr. Stacy L. Smith, the founder and director of USC Annenberg Inclusion Initiative, to study Netflix's entertainment output from 2018 to 2019 and examine "portrayals of gender, race, LGBTQ+ identities and disability on screen across our industry."
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