The company, inclusive of all of its recorded music and content divisions and music publishing company, will immediately begin to donate to organizations that foster equal rights.
In making the announcement, Rob Stringer, Chairman, Sony Music Group, said, “Racial injustice is a global issue that affects our artists, songwriters, our people and of course society at large. We stand against discrimination everywhere and we will take action accordingly with our community fully involved in effectively using these funds.”
Last week, Warner Music Group—in partnership with the Blavatnik Family—announced the launch of its own $100 million fund to support charitable causes related to the music industry, social justice and campaigns against violence and racism.
On June 4, Universal Music Group announced it will invest in a $25 million “Change Fund” to support the black community, as well as a Task Force for Meaningful Change (TFMC) to help fight for equality, justice and inclusion.