Warner Music Group and Blavatnik Family Foundation has pledged a USD 100 Million fund to support charitable causes in relation to the music industry and social justice campaigns that combat violence and racism. An advisory panel comprised of directors and management from Warner Music Group and the Blavatnik Family Foundation will proceed to identify and support the music community and organizations that support education, equality, opportunity, diversity and inclusion. The panel will determine where the funds will be allocated, including the timing.
Steve Cooper, CEO, Warner Music Group said, “This fund will support the extraordinary, dedicated organizations that are on the front lines of the fight against racism and injustice, and that help those in need across the music industry. Our advisory panel, which will draw from a diverse cross-section of people from our team and the wider community, will help us be very thoughtful and accountable in how we make an impact. We’re determined to contribute, on a sustained long-term basis, to the effort to bring about real change.”
The Blavatnik family is self-funded by Len Blavatnik, majority owner, founder & chairman of Access Industries.