The project, launched Monday on the Time's Up website, includes a $13 million legal defense fund aimed to help less-privileged women - including those in non-entertainment fields - protect themselves from sexual misconduct and the potential fallout from reporting it.
The new initiative, called Time's Up, is being backed by prominent Hollywood women, including Reese Witherspoon, Nicole Kidman, Margot Robbie Jennifer Aniston, Ashley Judd, America Ferrera, Natalie Portman, Emma Stone, Kerry Washington and hundreds of others, according to The Hollywood Reporter.
It will include a legal defence fund for victims across different industries, backed by United States dollars 13 million in donations, and will advocate for legislation combating workplace harassment.
A group of powerful women in Hollywood have launched an action plan to fight systemic sexual harassment in their industry and across all workplaces worldwide.
"If this group of women can't fight for a model for other women who don't have as much power and privilege", Rhimes told the Times, "then who can?"
While attention has largely focused on show business and the media, Time's Up seeks to include the plight of working-class women.
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Time's Up is backing the movement for women to wear black, in solidarity with those who have been sexually harassed, at Sunday's Golden Globes ceremony.
This is a moment of solidarity, not a fashion moment.
"We want all survivors of sexual harassment, everywhere, to be heard, to be believed, and to know that accountability is possible", the letter read, noting that Time's Up wasn't just limited to helping those in Hollywood.
A drive to reach gender parity at studios and talent agencies that has already begun making headway.
"We have been siloed off from each other", Reese Witherspoon said. "We're finally hearing each other, and seeing each other, and now locking arms in solidarity with each other, and in solidarity for every woman who doesn't feel seen, to be finally heard". It will be housed and administrated by the National Women's Law Center, and now has more than $13 million in donations.