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Photo: Filip Radwanski/SOPA Images/LightRocket via Getty Images

Netflix announced on Friday the establishment of a $100 million emergency fund to provide assistance to the creative community, television and film production crews, as the novel coronavirus spreads and wreaks havoc on the global economy.

The state of play: A significant portion of the fund is dedicated to backing Netflix's own production crews around the world. The company has committed to paying its staff and casts for two weeks on already suspended productions.

  • $15 million from the fund will go to third parties and nonprofits providing emergency relief to out-of-work production teams in countries where Netflix has a large presence.
"The Covid-19 crisis is devastating for many industries, including the creative community. Almost all television and film production has now ceased globally - leaving hundreds of thousands of crew and cast without jobs. These include electricians, carpenters, drivers, hair and makeup artists and more, many of whom are paid hourly wages and work on a project-to-project basis."
— Ted Sarandos, Netflix's chief content officer 

Go deeper: The coronavirus economic pain in the U.S. has begun

Go deeper

In photos: D.C. and U.S. states on alert for pre-inauguration violence

National Guard troops stand behind security fencing with the dome of the U.S. Capitol Building behind them, on Jan. 16. Photo: Kent Nishimura / Los Angeles Times via Getty Images

Security has been stepped up in Washington, D.C., and state capitols across the U.S. as authorities brace for potential violence this weekend.

Driving the news: Following the Jan. 6 insurrection at the U.S. Capitol by some supporters of President Trump, the FBI has said there could be armed protests in D.C. and in all 50 state capitols in the run-up to President-elect Joe Biden's inauguration Wednesday.

12 hours ago - Politics & Policy

The new Washington

Illustration: Sarah Grillo/Axios

The Axios subject-matter experts brief you on the incoming administration's plans and team.

Rep. Lou Correa tests positive for COVID-19

Lou Correa. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Lou Correa (D-Calif.) announced on Saturday that he has tested positive for the coronavirus.

Why it matters: Correa is the latest Democratic lawmaker to share his positive test results after last week's deadly Capitol riot. Correa did not shelter in the designated safe zone with his congressional colleagues during the siege, per a spokesperson, instead staying outside to help Capitol Police.