Netflix Investing $100 Million to Help Improve Diversity in Film and TV

The Netflix Fund for Creative Equity will invest $100 million over five years to support underrepresented communities looking to work in film and television.

Ted Sarandos, co-CEO and chief content officer for Netflix, announced in a blog post on Friday of the creation of the Netflix Fund for Creative Equity, which will invest $100 million over the course of five years to support underrepresented communities looking to work in the TV and film industries.

Netflix did not share which specific organizations it would be donating towards, but did note it has previously contributed to nonprofits like Project Involve and Los Angeles Latino International Film Festival's Latinx Inclusion Fellowship Series.

"Doing better means establishing even more opportunities for people from underrepresented communities to have their voices heard, and purposefully closing capacity and skill gaps with training programs where they are needed," said Sarandos.