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Sony Music Group Launches $ 100 Million Fund To Support Social Justice And Anti-Racism


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Sony Music Group, which oversees Sony’s recorded music and publishing activities in the United States and elsewhere, announced the launch of a $ 100 million fund to “support social justice and anti-racism initiatives worldwide “

SMG, chaired by President Rob Stringer, said it would immediately start donating to organizations that promote equal rights.

Stringer, who is also CEO of Sony Music, said: “Racial injustice is a global problem that affects our artists, songwriters, people and of course society as a whole. We are against discrimination everywhere and we will take action accordingly with our community fully involved in the effective use of these funds. “

In a statement, SMG said it had “created this fund with the full support of initiatives undertaken by our sister entertainment company, Sony Pictures Entertainment and all divisions of Sony Corporation”.

“We oppose discrimination everywhere and we will take action accordingly with our community fully involved in the effective use of these funds.”

Rob Stringer, Sony Music Group

Earlier this week, Warner Music Group announced the launch of a $ 100 million fund in partnership with Len Blavatnik and his Blavatnik Family Foundation.

And yesterday (June 4), as part of initiatives related to its new Task Force for Significant Change (TFMC), Universal Music Group committed to investing a $ 25 million change fund to support the community black inside and outside the walls of his business.

Speaking of the music industry’s “Black Out Tuesday” (June 2), Canadian star The Weeknd, aka Abel Tesfaye, revealed that he had personally donated half a million dollars to causes that protect and improve the lives of black people in America and around the world.

Tesfaye used its vast social media platform to call on major music companies “Go big and make public” with their own donations.

“As a music community, we are rooted in the heart of black culture, and our industry has an unmatched role and responsibility to help lift society out of the crisis and on the path to real justice and equality.” “

Jon Platt, Sony / ATV (speaking on Monday June 1)

Jon Platt, President and CEO of Sony / ATV, wrote in an open letter published Monday, June 1, “As a music community, we are rooted in the heart of black culture, and our industry has an unmatched role and responsibility to help get society out of the crisis and put it on the path to real justice and equality.

“Music companies have rushed to show solidarity with the black community since the atrocities against Mr. Floyd. But I often remind my team of a fact that may seem strange to a musician to point out: “People see better than they hear.”

“Timely action must follow the words of the industry. Otherwise, the words are ultimately empty.”Musical affairs in the world

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