Following Blackout Tuesday, Variety reports Warner Music Group and the Family Foundation main owner Len Blavatnik will be donating a $100M fund towards fighting against injustices across America and within the music industry. The funds will also towards promoting diversity and equality.
Warner Music Group's CEO Steve Cooper made a statement detailing what the funds towards, though they haven't clarified exact organizations yet.
"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.”