Universal starts an initiative to help artists

Universal Music Group announced a multi-million dollar initiative UMG All Together Now Foundation intended to support its artists, songwriters and employees over the next several months while the coronavirus shutdown is in place. UMG employs 8,800 workers around the world, with the foundation offering enhanced HR offerings and other programs, as well as a commitment that any employees who cannot work remotely will not see their pay change through at least June 30. The company is also offering a suite of economic flexibility initiatives to its artists and assorted companies, including interest-free royalty advances and fee waivers, Billboard reports. The company is also donating directly to MusiCares’ COVID-19 Relief Fund (a source says UMG has made the largest contribution there of any record label) and the Help Musicians UK charities, and has committed to matching donations that U.S. employees make to those organizations as well.