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Spotify to Raise $20 Million for Coronavirus Relief

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The music streaming platform Spotify announced today that it’s establishing two new initiatives to assist help the artistic communities impacted by the coronavirus pandemic.

The initiatives embody donations to reduction funds like MusiCares, PRS Basis, and Assist Musicians, in addition to a match of donations made by means of Spotify’s web site—as much as a complete of $10 million, in line with Variety. Together with the 2 initiatives, Spotify has additionally introduced a growing plan that may assist the service join artists with followers to permit them to “fundraise immediately” from their audiences.

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“For the reason that onset of the COVID-19 pandemic, Spotify has engaged companions throughout the trade to debate how we are able to help artists and the artistic neighborhood who’ve been deeply impacted by the consequences of the virus,” the submit from the corporate says. “Although streaming continues to play a key function in connecting creators with their followers, quite a few different sources of income have been interrupted or stopped altogether by this disaster. “Right this moment we launched the Spotify COVID-19 Music Reduction undertaking, which recommends verified organizations that provide monetary reduction to these within the music neighborhood most in want world wide.”

Spotify has additionally joined with different main music and internet platforms like SiriusXM-Pandora, Tidal, Amazon Music, Fb, and YouTube Music, to donate to the COVID-19 Reduction Fund, which was created by means of the Recording Academy’s charitable basis MusiCares.

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