Tag: funds

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US music bodies lobby Congress for more Covid-19 relief

A group of US music industry bodies are lobbying Congress for more relief amid the ongoing Covid-19 pandemic, and its effect on live music specifically. “The live music business – once a sign of a thriving community...
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Livestreaming startup Sessions launches $75m marketing fund

We profiled Sessions in September: it’s the livestreaming startup launched by former Pandora boss Tim Westergren, which has already seen some of its fledgling artists generating thousands of dollars from their performances....
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Instrumental launches a £10m fund for independent artists

Last month, data-driven A&R startup Instrumental announced that Tencent Music and Tencent Holdings had acquired a minority stake in the British company. Now it’s launching a new initiative in its homeland called...
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Youth Music reveals recipients of its £2m incubator fund

In July, British charity Youth Music announced a £2m incubator fund aimed at 18-25 year-olds in the UK, particularly from under-represented groups, with their music industry ambitions. Now it has revealed the 31 businesses...
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BPI / Brit Awards donate £54k to Covid-19 Crew Relief Fund

As Covid-19’s second wave sweeps Europe (and the first wave seemingly never ran out of steam in much of the US) we may soon have to revive our regular ‘positive industry stories’ slot, just to keep our heads up. In...
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Facebook’s new fund will make it an investor in startups

Facebook has long been an active acquirer of startups that it thinks could help its business (also: that it thinks might harm its business if left to their own devices). Now it’s taking a step on in that strategy and...
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AIM Crisis Fund is extended to June and July

UK independent trade body AIM launched its Crisis Fund in April to help out freelancers and self-employed contractors facing financial difficulties due to the global pandemic. They could apply if projects tied to acts signed...
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#TheShowMustBePaused latest: Sony Music, #ArtistsForBlackLives and more

Something that came through very clearly about last week’s #TheShowMustBePaused day when music companies of all kinds paused their regular work to respond to the protests about racism and police brutality was that it...
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MMF creates ReBuild support fund for managers and artists

The Music Managers’ Forum in the UK has launched ReBuild – a  new support fund for managers and their artists affected by the Covid-19 pandemic. It is supported by donations from collecting society PPL as well as a number...
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#saveourvenues campaign takes 140 venues off ‘critical’ list

Here’s some good news from the Covid-19 music relief front line: 140 grassroots venues in the UK have been removed from the ‘critical’ list compiled by the Music Venue Trust’s #saveourvenues campaign...
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Today’s positive coronavirus-related industry news (18 May)

Industry body Songwriters of North America (SONA) has launched a new hardship fund for songwriters, which will distribute emergency grants of $1k to creators hit by the Covid-19 pandemic’s economic impact. The new...
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Today’s positive coronavirus-related industry news (6 May)

It’s back! Some days we’re not running a ‘positive news’ roundup, which doesn’t necessarily mean everything’s bleak and terrible: it might be that we’ve broken out a bigger positive...