Warner Music Group, its directors and management, and the Blavatnik Family Foundation announced today a $100 million fund to support charitable causes related to the music industry, social justice, and campaigns against violence and racism.
Steve Cooper, CEO, Warner Music Group said, “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.”
On Tuesday 2nd June, the global music industry observed Black Out Tuesday, an initiative conceived by Atlantic senior director of marketing Jamila Thomas and Brianna Agyemang, former Atlantic exec and now senior artist campaign manager at Platoon. On the day people were asked not to conduct any business and instead observe a day of reflection and community engagement following the death of George Floyd in Minneapolis.
An advisory panel made up of appointees from Warner Music Group and the Blavatnik Family Foundation will establish procedures to identify and support those in the music community, and organizations strengthening education and promoting equality, opportunity, diversity, and inclusion. The advisory panel will determine the number of financial gifts and timing.