What are music companies doing to give back in a time of big shutdown

Billboard has compiled a rundown of music companies who have pledged their support during this time of the big shutdown, which resulted in lay-offs and cuts. The independent concert promotion and production company has launched the I.M.P. Family Fund to assist the company’s hourly employees. Streaming service Mixcloud is waiving its revenue share for the recently-launched Mixcloud SELECT platform. British collecting society PRS For Music has launched the PRS Emergency Relief Fund to support members affected by the pandemic. Music service Qobuz is waiving its revenue share on all download sales. The music-centric finance firm Sound Royalties has dedicated $20 million to offer a no-cost royalty advance funding option on every new application. Music Business Worldwide asks whether the music industry can do more to help artists and songwriters whose income has been hit by coronavirus?