Sony Music Launches $100m Fund for Social Justice, Anti-racism Initiative
Sony Music, an American global music conglomerate, has launched a $100 million fund to support social justice and anti-racism initiatives around the world.
Rob Stringer, Sony Music Group chairman stated that the company, would begin to dole out funds to organizations that foster equal rights.
“Racial injustice is a global issue that affects our artists, songwriters, our people, and of course society at large,” Stringer said in a statement.
“We stand against discrimination everywhere and we will take action accordingly with our community fully involved in effectively using these funds.
“Sony Music today announces the launch of a $100 million fund to support social justice and anti-racist initiatives around the world.
“The company, inclusive of its recorded music, content divisions, and music publishing company, will immediately begin to donate to organizations that foster equal rights.”
Since nationwide protests broke out last week in response to the death of George Floyd at the hands of Minneapolis police, the “Big Three” major record labels — Universal Music Group, Warner Music Group and Sony Music — have all unveiled initiatives designed to address systemic racial injustice.
Since nationwide protests broke out last week in response to the death of George Floyd at the hands of Minneapolis police, the “Big Three” major record labels — Universal Music Group, Warner Music Group and Sony Music — have all unveiled initiatives designed to address systemic racial injustice.
George Floyd, a black American, had died on May 25, after being pinned down by the neck for nearly nine minutes by Derek Chauvin, a Minnesota police officer, in a bid to effect his arrest.
Sony’s donation comes after Michael Jordan, a NBA legend, announced that he would be giving $100 million to brands dedicated to promoting racial equality and social justice.
It also comes after Kanye West had set up a college fund for George Floyd‘s daughter while also donating $2 million to charities associated with Ahmaud Arbery and Breonna Taylor.
