Netflix Makes $100 Million Commitment to Support Black Communities in the U.S.

Source: CNBC »

Netflix announced Tuesday it will start putting 2% of its cash holdings into financial institutions and organizations to “directly support Black communities in the U.S.”

The video streaming giant said in a blog post that its initial commitment will be as much as $100 million.

In the first step in allocating that money, $25 million will be moved to a new fund called the Black Economic Development Initiative, investing in…

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