Television City Wednesday announced a $2 million pledge to support the Beverly/Fairfax District community and promote diversity in the entertainment industry.

Half of the donation will be used to assist local organizations and businesses to “heal, empower and rebuild” the Beverly/Fairfax District, and the other half to create an endowment to provide job training and career pathways into the entertainment industry for underrepresented communities,” according to a statement from Television City, which is owned an operated by an affiliate of Hackman Capital Partners.

“Television City has called this community home for nearly 70 years, and it pains us to see our neighbors, community organizations and small businesses — many of which are trying to reopen their doors in the first time in over three months — suffer through these challenging times,” said Michael Hackman, founder and CEO of Hackman Capital. “We believe Television City can spearhead a catalytic effort among local stakeholders to provide meaningful help. This community is resilient, and will come back even stronger, more vibrant and cohesive.”

The $1 million that Television City is spending to promote diversity in the entertainment industry will take the form of the establishment of an educational endowment to increase diversity and provide career opportunities. It will work with local schools, production studios and content creators to offer black students and other underrepresented communities resources to obtain mentorships, internships, scholarships and the necessary education and onsite training to secure jobs in L.A.’s largest industry.

“As a studio and as individuals, we stand in solidarity with the black community and those speaking out against systemic racism and racial inequities,” Hackman said. “But we want to do more than talk about the issues, we want to take meaningful action.

“In Wednesday’s world of content creation, experienced production crews are in high demand, and we are committed to expanding these opportunities to traditionally underrepresented communities, creating jobs and building a more diverse entertainment industry,” he said.

“The past three months have been an incredibly painful time for the Beverly/Fairfax District and our city as a whole. By working with the black community, our neighbors, small businesses and our city’s most beloved industry, we can emerge from this period stronger than before. I hope Television City’s pledge will inspire other stakeholders to join us in this effort; we have thought about this long enough, now is the time to act.”

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