Netflix's Creative Asia Forum Highlights $41 Million Spending on Creative Equity Fund – Knowligent

Netflix's Creative Asia Forum Highlights $41 Million Spending on Creative Equity Fund

HomeNewsNetflix's Creative Asia Forum Highlights $41 Million Spending on Creative Equity Fund

Netflix today hosted the first Creative Asia Forum in partnership with the Busan International Film Festival (BIFF), with 120 filmmakers in attendance from across APAC.

Minyoung Kim, VP of APAC Content (ex-India), provided an update on the Netflix Fund for Creative Equity. In 2021, the streamer donated $100 million to the fund over five years to improve pathways for underrepresented communities in entertainment.

Kim said the streamer has spent about $41 million to date on 200 shows, with more than 13,000 participants in over 50 countries around the world. Netflix added that more than 450 people from those shows have gone on to work on the platform's productions in a variety of roles, ranging from line producers and associate editors to casting assistants and grips.

This year, the fund has partnered with local film festivals, such as the Jogja-NETPAC Asian Film Festival, to organize programs, and with content agencies such as Taiwan's TAICCA to organize a six-week screenwriting workshop with local writers.