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British labels and streaming services launch £1.5m fund for musicians effected by coronavirus
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Most of the money will go to the charity Help Musicians BPI, the governing body for UK music, have coordinated a £1.5 million fund to provide financial assistance to musicians in need during the coronavirus crisis.
Major labels including Sony, Warner and Universal, as well as indie imprints like Cherry Red and Demon Music Group have donated towards the fund, as have the likes of the BRIT Awards, Amazon Music and music licensing company PPL.
As Music Week reports, most of the fund (£1.25 million) will be given directly to the charity Help Musicians, which will allow them to reach an added 2,500 artists in need of support through their Coronavirus Financial Hardship Fund, which has already received over 17,000 applications in just two weeks.
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