WMG announces $100m social justice fund, IPO price
The fund, co-financed by Warner Music Group and owner Len Blavatnik's family foundation, will donate to causes supporting “equality, opportunity, diversity and inclusion”
News By IQ | 3 June 2020
Following Black Out Tuesday yesterday, Warner Music Group (WMG) has announced a US$100 million fund to support charitable causes “related to the music industry, social justice and campaigns against violence and racism”.
The fund – jointly financed by WMG and the Blavatnik Family Foundation, the charitable foundation run by WMG vice-chairman Sir Leonard Blavatnik, whose Access Industries is the group’s majority owner – will support individuals and “organisations strengthening education, and promoting equality, opportunity, diversity and inclusion” in the music…
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