Netflix paying talent ‘guarantees’ in coronavirus-related shutdowns

‘Netflix Party’ offering socially distant movie night

FOX Business correspondent Mike Gunzelman discusses Netflix’s new platform that simulates a movie night with friends while stuck at home.

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The coronavirus pandemic forced Netflix to shut down production of its shows, but that doesn’t mean the actors and other workers won’t be paid.

Netflix is treating the situation as “force majeure” and paying minimum guarantees to its cast members, Deadline reported. That includes actors on about a dozen series including “Stranger Things” so far, and more will likely be included as shows scheduled to begin shooting are also delayed by the ongoing pandemic.

NETFLIX SHUTS DOWN ALL PRODUCTION AMID CORONAVIRUS

The company also set up a $100 million fund to help other personnel on its productions like construction and hair and makeup staff, according to the report.

Netflix is hoping to complete production on the shows that were underway before the virus shut them down, according to the report. Other work like writing, which can be done from home, will continue in the meantime.

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CORONAVIRUS CLOUDING THE FUTURE OF YOUR FAVORITE TV SERIES

Other Netflix shows affected by the shutdown include “Grace & Frankie” and “The Prom,” Entertainment Weekly previously reported. Other studios including Disney and Warner Bros have taken similar precautions.

While Netflix may be short on new content for a time, the widespread self-quarantining could be good news for the streaming video service. Nielsen has estimated that TV viewing could increase by 60 percent as people stay home in order to avoid catching or spreading COVID-19.

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