NETFLIX STEPS UP

Netflix announced on Friday that it will create a $100 million global fund to increase outreach to members of underrepresented communities who want to work in entertainment.

According to a press release, the Netflix Fund for Creative Equity will provide funding to internal initiatives within the company and outside organizations over the course of five years. The internal efforts will serve to train upcoming talent and provide them with job placement.

“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,” Ted Sarandos, Netflix co-chief executive and chief content officer, said in the release.