Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Netflix, Inc.
  6. News
  7. Summary
    NFLX   US64110L1061

NETFLIX, INC.

(NFLX)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Netflix : Contributes R5,5 Million Towards Black Creatives Empowerment

09/16/2021 | 10:05am EDT

Two-thirds of the funding will go towards film & TV scholarships and cancelling student debts while the rest will be donated to the Independent Black Filmmakers Collective

On 16 September 2021, Netflix, the world's leading entertainment streaming service,   announced a commitment of $400000 USD (approx. R5.5 million) in the form of a grant and creation of scholarships to extend the support for Black representation in the Film & TV industry to the creative ecosystem in South Africa.

The Netflix Black Creatives Empowerment Fund will be implemented in a two-pronged approach: the first being a $100,000 (approx. R1.4 million) grant in benefit of The Independent Black Filmmakers Collective  NPC (IBFC), with the second being $300,000 (approx. R4.4 million) designated towards funding full scholarships at higher education institutions in South Africa to support the formal qualification and training of aspiring Black creatives in the film and TV disciplines.

The Goal of the fund is to:

Create and promote more opportunities and training for people from underrepresented Black communities in South Africa to enter and succeed in the film and TV industry.

Provide Black filmmakers with access to scarce funding required to create screen productions in South Africa.

Support organizations that are involved in bespoke programmes geared towards identifying, training and/or providing creative opportunities for members of the Black community in South Africa's film and TV industry.

Netflix has chosen a two-pronged approach for achieving the goals set out above:

$100,000 (approx. R1.4 million) grant in benefit of The Independent Black Filmmakers Collective (IBFC) .

IBFC is a collaborative business to business network and advocacy group formed in 2017 by wholly black-owned South African film and television companies, representing filmmakers, content creators, film and television/commercials directors, producers, marketers, facilities and services industrialists and entrepreneurs.

The collective aims to:

Advance an enabling and sustainable business environment for South African Black audio-visual practitioners and producers that provide dedicated support for Black enterprise development and ownership across the film and TV value chain in South Africa.

Nurture and fast track the creation and ownership of Black intellectual property assets.

Accelerate the participation of Black film professionals and aspiring Black Industrialists in the local creative industry.

$300,000 (approx. R4.4 million) designated to provide financial assistance through full scholarships and graduate debt relief at higher educational institutions in South Africa so as to support the formal qualification and training of aspiring Black creatives in the film and TV disciplines .

Institutions where qualifying students will be able to apply for scholarships and where debt relief opportunities will be available include: University of Cape Town; University of the Witwatersrand; University of Johannesburg; University of Pretoria; University of KwaZulu-Natal; Cape Peninsula University of Technology; Durban University of Technology; Tshwane University of Technology; AFDA; Boston Media House; AACA Film and Acting School; and CityVarsity.

Netflix will again be working in partnership with social investment fund management and advisory firm Tshikululu Social Investments, as the implementing partner/fund administrator with the responsibility of supporting the outreach and execution of the project.

In July 2020 and March 2021, Tshikululu worked closely with Netflix, the South African Screen Federation (SASFED) and their member organisation, Independent Producers Organisation (IPO), to create the COVID-19 Film and Television Relief Fund that helped the hardest hit workers in the South African creative community.

From the 17th of September 2021, students interested in applying for the fully-funded scholarships will be able to find additional information, application criteria and will be able to apply online on Tshikululu's website ( tshikululu.org.za ).

"We recognise that being part of the local creative community in South Africa also comes with responsibilities, in particular the need to develop the talent pipeline and give new voices the chance to be heard. Talent development is extremely important to us and we will continue to work with the industry in South Africa to support and develop new opportunities to grow the creative community."  - Ben Amadasun, Director of Content for Netflix in Africa.

From IBFC

"We are delighted to have offered this opportunity and established such a strong partnership with Netflix who share our intention to build capacity in the black filmmaker and practitioner value chain. It is through such intentional and systematic approaches to empowerment that we will build effective economic participation. We thank Netflix for walking this road with us." - Azania Muendane, Co-Chairperson, IBFC

About IBFC:

The Independent Black Filmmakers Collective (IBFC) is a membership-based non-profit entity that was established in late 2017 as collaborative business-to-business networking and advocacy group, comprised of wholly black-owned South African film and television companies, independent filmmakers, content creators, film, television and commercials directors and producers, marketers, exhibitors, distributors, media and entertainment facility owners, services industrialists and entrepreneurs.

IBFC was born out of a multiplicity of voices spanning over 25 years, and representing three generations of black film practitioners who have contributed meaningfully in shaping the industry and its visual narratives and aesthetics. IBFC's vision is to accelerate transformation, enterprise development, increase investment, export, trade and job creation to contribute to the national economy, while engaging government, business and industry stakeholders in issues such as policy development and strategic growth of the audio-industry as "one voice"

About Tshikululu:

Established in 1998, Tshikululu is South Africa's leading social investment fund manager and advisor, working alongside investors and other development partners to maximise the power of social investment. We define social investment as any financial commitment - from grant making to impact investing - that seeks to drive and measure social impact. Our service offering is underpinned by a deep and hands-on understanding of the complexities of development and social investment.

As agents of social change, we partner with our clients throughout South Africa to realise their social investment goals. Over more than two decades, we have operated in every province in the country, covering urban and rural areas, and collaborated with social investors in various industries including mining, financial services, the creative economy, renewable energy, property development, banking, insurance, healthcare and logistics.

About Netflix:

Netflix is the world's leading streaming entertainment service with over 209 million paid memberships in over 190 countries enjoying TV series, documentaries and feature films across a wide variety of genres and languages. Members can watch as much as they want, anytime, anywhere, on any internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments.

Copyright Netflix. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

All news about NETFLIX, INC.
12:59p'WENDELL & WILD' TEASER : Jordan Peele, Keegan-Michael Key voice demons
AQ
09:48a'Elite' renewed for Season 6, more 'Short Stories' coming in December
AQ
10/27‘Army of the Dead' Breakout Matthias Schweighöfer Takes Center Stage in ‘Ar..
PU
10/27'MASTERS OF THE UNIVERSE : Revelation': He-Man, Skeletor face off in Part 2 trailer
AQ
10/27'HELLBOUND' : Netflix teases monsters in Korean horror series
AQ
10/27'COWBOY BEBOP' : John Cho is Spike Spiegel in poster for Netflix series
AQ
10/27INSIDER SELL : Netflix
MT
10/27Chappelle special spurs Netflix walkout and counter protests
AQ
10/26Chapelle special spurs Netflix walkout; 'Trans lives matter'
AQ
10/26'The Unforgivable' trailer shows Sandra Bullock seek redemption
AQ
More news
Analyst Recommendations on NETFLIX, INC.
More recommendations
Financials (USD)
Sales 2021 29 703 M - -
Net income 2021 4 870 M - -
Net Debt 2021 9 143 M - -
P/E ratio 2021 61,9x
Yield 2021 -
Capitalization 294 B 294 B -
EV / Sales 2021 10,2x
EV / Sales 2022 8,89x
Nbr of Employees 9 400
Free-Float 98,2%
Chart NETFLIX, INC.
Duration : Period :
Netflix, Inc. Technical Analysis Chart | NFLX | US64110L1061 | MarketScreener
Technical analysis trends NETFLIX, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 45
Last Close Price 662,92 $
Average target price 646,77 $
Spread / Average Target -2,44%
EPS Revisions
Managers and Directors
Wilmot Reed Hastings Chairman, President & Co-Chief Executive Officer
Theodore A. Sarandos Co-CEO, Director & Chief Content Officer
Spencer Adam Neumann Chief Financial Officer
Adriane C. McFetridge Engineering Director
Gregory K. Peters Chief Operating & Product Officer
Sector and Competitors
1st jan.Capi. (M$)
NETFLIX, INC.22.60%293 642
TENCENT HOLDINGS LIMITED-13.65%596 416
PROSUS N.V.-13.99%279 010
AIRBNB, INC.15.19%104 748
UBER TECHNOLOGIES, INC.-12.29%87 518
NASPERS LIMITED-13.26%70 617