Sony Music Company has started a Fund of $100 Million. The funds support social justice and racism across the globe. The company announced on June 5. They stated that the donation would start immediately. The donations will begin with “organizations that foster equal rights.”
“Racial injustice has affected artists, songwriters, and the society,” said Rob Stringer as the Chairman of Sony Music Group. He also stated that “We stand against discrimination everywhere, and we will take action accordingly with our community fully involved in effectively using these funds.”
The group planned it would give employee donations in June. To social justice charities including ACLU, Black Lives Matter, the NAACP, the Minnesota Freedom Fund, The Innocence Project, and Unicorn Riot. The company also expected to improve the staff’s mental health support. They will get help from experts in mental health.
The Canadian singer, songwriter, and producer, aka Abel Tesfaye, who is also known as Weeknd, has given half a million dollars to support black people across the globe.
Sony/ATV company chairman and CEO wrote an open letter on June 1, Monday. There he talked about the music community and how it’s anchored to the hearts of black culture. He also stated the role of the industry in such a crisis and how to lead towards true justice and equality.
Other Companies Fund to Help Social Justice and Racism with Sony Music
Also, WMG raised a fund by partnering with the Blavatnik Family Foundation. The value of the fund is $100 Million. On Wednesday, the company reveals the fund will support the music industry and social justice groups.
Universal Music promised to fund $25m to support the black people inside and outside the company boundaries.