Spotify pledges $10M to support artists

Spotify is rolling out a suite of new features and projects intended to help artists who are struggling financially due to the coronavirus crisis, Billboard reports. First up is Spotify's new COVID-19 Music Relief project, which helps connect musicians and other music professionals in need of funding to grant-giving organizations, in addition to helping fundraise. Spotify will match donations made via the project's webpage dollar-for-dollar for up to a total Spotify contribution of $10 million. Next, Spotify is working to add a new feature to its Spotify For Artists platform that will enable artists to fundraise directly from fans, and Spotify will not take any cut of the contributions. Spotify's music talent marketplace SoundBetter is waiving its revenue share, it's audio recording platform Soundtrap is offering extended free trials for educators, and podcast firm Anchor is waiving fees on its Listener Support feature.