The music streaming platform, Spotify, has disclosed it has launched a COVID-19 music relief project to raise funds for musicians as the coronavirus pandemic grounds life to a halt in most countries.
As the deadly virus has taken a toll on economies, the music technology company; which had about 124 million paid Spotify subscribers revealed their relief project, on Wednesday.
It stated it has also partnered with non-profit organizations such as MusiCares and Help Musicians, a UK-based charity for musicians, it said in a statement.
Representatives of the music streaming platform said apart from donating funds to those charities; it would match donations made through the music relief page for up to $10 million.
However, countries across the world have asked citizens to stay indoors to slow the spread of the pandemic. The virus has killed nearly 19,000 people and infected about 421,000 globally.
The company said it was also working on a separate feature to help musicians raise funds directly from fans either for themselves or for other artists.
On the other end of the spectrum, audio/visual streaming platforms like Netflix, YouTube, and Hulu are getting an influx of ratings. In fact, they have had to reduce video quality across Europe so as not to “break the internet.