Spotify pledges $10M fund to support artists hit by Coronavirus Pandemic

[snoop1130]

Spotify pledges $10M fund to support artists hit by Coronavirus Pandemic

BY MURRAY STASSEN

 

 

On Friday (March 20), Netflix revealed that it had created a $100-million relief fund for those working in movie-land impacted financially by the coronavirus pandemic.

 

In music, we haven’t seen quite as dramatic a response as that just yet – although German PRO GEMA has created an emergency fund worth up to $43m for its writers, while its UK equivalent, PRS For Music, this morning announced that its eligible members can claim up to £1k (circa $1,200) apiece from another pool of money made available in response to COVID-19.

 

One music industry player that has come under particular pressure to do something to help artists during the pandemic is Spotify – which has even been petitioned to triple what it pay artists per stream in order “to put urgently needed cash into artists pockets”.

 

Today (March 25), SPOT has revealed how it plans to do just that.

 

Full Story: https://www.musicbusinessworldwide.com/spotify-pledges-10m-fund-to-support-artists-hit-by-coronavirus-pandemic/

[johnray]

A bunch of rich middle class kids messing about with beats.  Why not give 10 million to the actual poor.

Edited March 26, 2020 by johnray