Donations are just one part of the multi-faceted approach needed to fight systemic racism. But these music companies are putting their money where their mouth is.
,"To my fellow respected industry partners and execs- no one profits off of black music more than the labels and streaming services. I gave yesterday and I urge you to go big and public with yours this week."
Many music companies have done so. All three major record labels have now committed funds to fighting for social justice, while Spotify is launching a $10 million employee-matching donation program and companies like Bandcamp and Tunecore pledged their share of profits on June 2 to the cause.
To be clear, financial donations alone won't solve the problem of systemic racism -- changes to our laws, leadership, institutions and cultural mindset are crucial as well. Butwill update the below list to reflect major music companies which have newly committed funds to the cause.
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