British record labels have pledged £1.5m to help musicians in need during the coronavirus crisis. Universal, Sony and Warner are all participating in a fund alongside independent record labels Cherry Red and Demon Music Group, and The BRIT Awards, Amazon Music and music licensing company PPL.
The majority of funds (£1.25m) will go to Help Musicians' Coronavirus Financial Hardship Fund, enabling the charity to reach a further 2,500 musicians in need of immediate financial help. In addition, £250k has been set aside to support musicians through other channels, including other well-being charities and support for the grassroots live sector.
The fund is being coordinated by record label association the BPI. Additional contributions for these causes from its members, partners and third parties are welcomed on an ongoing basis, with further donations from independent labels and other streaming services expected.
