Warner Music is to donate a large amount of money to social causes.
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After calls were made for the recording industry to do more to protect the citizens who power its wealth, Warner announced plans to donate $100 million to charitable causes related to music and the fight against racism and anti-blackness.
CEO Steve Cooper explained…
This fund will support the extraordinary, dedicated organizations that are on the front lines of the fight against racism and injustice, and that help those in need across the music industry. Our advisory panel, which will draw from a diverse cross-section of people from our team and the wider community, will help us be very thoughtful and accountable in how we make an impact. We’re determined to contribute, on a sustained long-term basis, to the effort to bring about real change.
Warner is home to a number of the world’s largest artists (Bruno Mars, Cardi B, Ed Sheeran, Janelle Monae and Stormzy) and made the stellar announcement after it revealed the pricing for its initial public offering.
Hit this link to learn how the company may have been inspired by The Weeknd.