Investor Alert

Feb. 26, 2021, 12:55 p.m. EST

Netflix commits $100 million to improve diversity in programming

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Netflix Inc. (NFLX)

or Cancel Already have a watchlist? Log In

By Jon Swartz

Netflix Inc. has pledged $100 million to make its shows more inclusive following a diversity study released Friday that analyzed the makeup of the streaming company’s on-screen and behind-the-scenes talent.

The company /zigman2/quotes/202353025/composite NFLX +0.13% announced Netflix Fund for Creative Equity on the heels of the USC Annenberg Inclusion Initiative. While the study concluded Netflix’s shows have made progress, improvements are necessary. According to  the executive summary , “racial/ethnic representation varies by group,” and “LGBTQ and characters with disabilities are rare.” 

“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,” Netflix Chief Executive Ted Sarandos said in a post Friday. 

Netflix’s $100 million fund will come over 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,” the company said.

The new fund complements several programs that Netflix supports, including the Ghetto Film School, Film Independent’s Project Involve, and the Los Angeles Latino International Film Festival’s Latinx Inclusion Fellowship Series, which mentors Afro Latinx directors.

US : U.S.: Nasdaq
$ 555.31
+0.73 +0.13%
Volume: 2.89M
April 9, 2021 4:00p
P/E Ratio
Dividend Yield
Market Cap
$245.94 billion
Rev. per Employee

Get news alerts on Netflix Inc. — or create your own.
This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.