Netflix and Comcast among companies donating to LA wildfire relief effort – CNBC
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Both companies also said they are assisting employees directly affected by the fires.”The next few years will be a rebuilding time for many of us and it will require creativity, vision, grit and perseverance. Looking around at some of the hardest hit neighborhoods, it is hard to imagine rebuilding — but we will, and we will come back stronger than before,” Netflix co-CEO Ted Sarandos wrote.Comcast is the parent company of NBCUniversal, which, because of its studios, has a big footprint in Los Angeles.”We extend our deep appreciation to the first responders for their tireless and courageous efforts,” Comcast Chairman and CEO Brian Roberts said in the announcement.Other media and entertainment corporations, many of which have a prominent presence in the Los Angeles area, had previously pledged to donate to relief efforts. The Walt Disney Company announced Saturday that it is committing $15 million to fire response and rebuilding. Fox News reported that its parent company, Fox Corporation, donated $1 million to the American Red Cross.Warner Bros. Discovery said in a statement to CNBC that it was committing $15 million to response and rebuilding efforts and that it was paying for impacted employees’ living expenses.Gambling platform FanDuel and its parent company, Flutter Entertainment, donated $250,000 to disaster relief organization Americares and the LA Fire Department Foundation, they announced.The NFL — which relocated a playoff game from SoFi Stadium, in a suburb of Los Angeles, to State Farm Stadium in Glendale, Arizona, due to the fires — said its teams and ownership groups were providing a collective $5 million to relief efforts. Twelve Los Angeles sports teams, including the Lakers and the Dodgers, separately announced a donation of over $8 million to fire relief groups.Grocers Kroger and Walmart pledged $1 million and $2.5 million, respectively, toward relief efforts. Tyson Foods said it would deploy its “Meals That Matter” disaster relief team this week to distribute hot meals and water to residents impacted by the wildfires. Health insurer Anthem Blue Cross announced a $10 million donation.Amazon announced Monday that it was donating $10 million to fire relief through its entertainment division, home security manufacturer Ring and Whole Foods Market. The e-commerce giant added that it had also contributed supplies to response groups and deployed cloud technology to assist emergency personnel.Reuters reported Monday that JPMorgan Chase and Bank of America are also providing some payment relief to mortgage customers affected by the wildfires.Hollywood stars and entertainment figures have also said they are financially supporting fire relief.Actor Jamie Lee Curtis, a Los Angeles resident, announced on Instagram that her family pledged $1 million to relief funds, while singer Beyoncé’s BeyGood Foundation committed $2.5 million to its own fire relief fund. Socialite Paris Hilton said she would launch an emergency fund to assist displaced families and committed $200,000 to it, while actor Halle Berry said she donated clothes to victims of the fires.Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.Got a confidential news tip? 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