Coronavirus Updates: Netflix Tells Hollywood Cast, Crew - "You Will Work in this Town Again"

Coronavirus Updates: Netflix Tells Hollywood Cast, Crew - "You Will Work in this Town Again"

Here are the latest headlines regarding how the novel coronavirus is impacting the Los Angeles startup and tech communities. Sign up for our newsletter and follow dot.LA on Twitter for the latest updates.

Today:

  • Barger Sets July 4th Goal for Reopening L.A. County
  • Netflix to Hollywood: "You will work in this town again."

    Barger Sets July 4th Goal for Reopening L.A. County

    The Fourth of July could take on new meaning this year for the ten million Los Angeles County residents who have been largely confined to their homes since March as the day they regain the liberty to shop, eat in restaurants and visit malls.

    At the second meeting of the Los Angeles County Economic Resiliency Task Force Tuesday, Supervisor Kathryn Barger said it was her goal to "reopen" the county "as early as July 4."

    "I understand the urgency to reopen and know many of the experts the county has assembled for this Task Force have been working hard to develop safe and efficient plans to revitalize their sectors as early as next month," Supervisor Barger said in a statement. "I remain focused on working with industry leaders and health officials to safely make way for Los Angeles County to reopen by the Fourth of July."

    Bill Allen, president of Los Angeles Economic Development Corporation, confirmed in a presentation to the task force that there have been more than one million unemployment claims filed in the county so far; 75% of the losses are for those making less than $50,000 a year, many in the restaurant and retail industry.

    Netflix to Hollywood: "You will work in this town again."

    live.staticflickr.com

    Netflix' message to Hollywood's cast, crew and behind-the-scenes workers: "You will work in this town again." The streamer unveiled a new advertising campaign across Los Angeles on Tuesday that spotlights the faces and names of crew members hurt by Tinseltown's shutdown due to the coronavirus. The spots run from May 19 to 31 in various locations around Los Angeles county, including 17 billboards and more than 100 bus shelters, according to The Hollywood Reporter.

    At least 14,000 entertainment industry jobs have vanished in Los Angeles amid layoffs and furloughs since the virus swept through Los Angeles. To soften the blow that the coronavirus has dealt the entertainment industry – parts of it, anyway – Netflix has put up a $100 million emergency fund meant to relieve the financial pressures facing the many workers without a job for the foreseeable future. $85 million will go to workers on Netflix productions, and the remaining $15 million will head to third-party groups.


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    This Week in ‘Raises’: Measurabl Snags $93M, Selva Ventures Grabs $34M

    Decerry Donato

    Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

    Raises
    Image by Joshua Letona

    A local data management platform company lands fresh funding to help commercial real estate owners reduce carbon footprint, while one Los Angeles-based venture firm closes its second fund to accelerate the growth of emerging companies across health, wellness, beauty and personal care.

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    McKinsey & Company Launches InLA Accelerator To Help Underrepresented Founders Tackle Startup Challenges

    Decerry Donato

    Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

    McKinsey & Company Launches InLA Accelerator To Help Underrepresented Founders Tackle Startup Challenges
    InLA

    In 2022, female founders saw a 28% decline in overall U.S. funding, while Black-led startups saw a 38% decline in total capital received. In an effort to increase funding for minority-led startups, global venture firm McKinsey & Company is launching InLA, an accelerator program for underrepresented founders.

    “This effort is something that the firm has been really excited about for a long time,” Engagement Manager Elkhyn Rivas Rodriguez said. “There's obviously a meaningful and growing startup community out here and just from a diversity standpoint, LA is incredibly diverse and multi-ethnic and multicultural. So we think that there will be a really great pool of potential companies to partner with.”

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    LA Tech ‘Moves’: CarbonCapture Taps Automotive Manufacturing Veteran

    Decerry Donato

    Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

    LA Tech ‘Moves’: CarbonCapture Taps Automotive Manufacturing Veteran
    LA Tech ‘Moves’:

    “Moves,” our roundup of job changes in L.A. tech, is presented by Interchange.LA, dot.LA's recruiting and career platform connecting Southern California's most exciting companies with top tech talent. Create a free Interchange.LA profile here—and if you're looking for ways to supercharge your recruiting efforts, find out more about Interchange.LA's white-glove recruiting service by emailing Sharmineh O’Farrill Lewis (sharmineh@dot.la). Please send job changes and personnel moves to moves@dot.la.

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