Global  

Netflix commits $100M to financial groups supporting Black communities

bizjournals Tuesday, 30 June 2020 ()
About two weeks after Netflix Inc. CEO Reed Hastings pledged part of his fortune to support Black educational institutions, the company itself is now committing part of its considerable holdings to support Black communities. In a Tuesday blog post, Netflix stated that it will allocate about 2 percent of its cash holdings – currently about $100 million – to financial institutions and organizations that are dedicated to helping Black communities. β€œWe believe bringing more capital to these communities…
0
shares
ShareTweetSavePostSend
 
Video credit: THR News - Published
News video: Netflix to Shift 2% of Cash Holdings to Banks Supporting Black Communities | THR News

Netflix to Shift 2% of Cash Holdings to Banks Supporting Black Communities | THR News 01:35

Netflix is looking to tackle systemic racism by shifting some of its cash holdings to financial institutions that support Black communities in the U.S.

You Might Like


Related videos from verified sources

Unpacking the racist roots of fat phobia and diet culture [Video]

Unpacking the racist roots of fat phobia and diet culture

When it comes to diet culture, not all bodies β€” and races β€” are treated equally.In fact, because of the racist origins of fat phobia, Black men and women have been at a disadvantage for..

Credit: In The Know Wibbitz     Duration: 01:15Published
Worcester Brewery Joins 'Black Is Beautiful' Beer Production To Support Black Communities [Video]

Worcester Brewery Joins 'Black Is Beautiful' Beer Production To Support Black Communities

WBZ TV's Kate Merrill reports.

Credit: WBZ CBS Boston     Duration: 00:21Published
New York Attorney General Stops Donations to Black Lives Matter Foundation [Video]

New York Attorney General Stops Donations to Black Lives Matter Foundation

New York Attorney General Stops Donations to Black Lives Matter Foundation The nonprofit, unaffiliated with the global movement, was ordered to stop accepting donations in the state due to failure to..

Credit: Wibbitz Studio     Duration: 01:16Published

Related news from verified sources

Netflix pledges $100M to financial groups supporting Black communities

About two weeks after Netflix Inc. CEO Reed Hastings pledged part of his fortune to support Black educational institutions, the company itself is now committing...
bizjournals

Netflix Moves $100 Million to Black-Owned Banks

The streaming company will shift some of its $5 billion in cash to financial institutions that focus on black communities.
NYTimes.com


Tweets about this