Netflix Pledges $5 Million To Support Black Creators, Youth And Black-Owned Businesses

Netflix has announced their major donation to Black arts amidst the ongoing Black Lives Matter protests.

Information about the ongoing protests in the U.S. and around the world is rapidly changing and Diply is committed to providing the most recent data as it becomes available. Some of the information in this story may have changed since publication, and we encourage readers to follow their local trusted news outlet(s) to stay up to date on the latest information surrounding these events.

In an awesome initiative, Netflix has announced a five million dollar donation to a variety of Black-owned businesses and creators.

These organizations include Ghetto Film School, Black Public Media and Colin Kaepernick’s Know Your Rights Camp.

Netflix has announced an initial three million dollar donation, with the remaining two million to come.

"Tackling racism and injustice in meaningful ways means creating long-term opportunities for the Black community,” Netflix chairman and CEO Reed Hastings said in a statement.

"The main role we play is through our funding of and member viewing of important content like When They See Us."

"As an additional step, today we’re committing $5 million to nonprofits dedicated to creating direct opportunities for Black creators, Black youth and Black-owned businesses.”

On the creator front, Netflix is donating $1.5 million in total to Ghetto Film School, Film Independent’s Project Involve, Firelight Media and Black Public Media.

Netflix also is giving $1 million grants to three youth-oriented organizations: Know Your Rights Camp, the Posse Foundation and Black Girls Code.

In addition to these donations, Netflix said they're donating $500,000 to Black-owned businesses "in our own backyard of Los Angeles."

That business is the Vermont Slauson Economic Development (VSEDC), a nonprofit group that provides resources to communities in South Los Angeles, which have been historically underserved by banks.

To learn more about the Black Lives Matter movement, please click here.

h/t: Variety.

Filed Under: