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Spotify unveils financial assistance initiative for music community

Spotify Technology SA, parent company of Spotify AB, announced a financial assistance initiative aimed at supporting members of the music community amid the coronavirus pandemic.

Under the Spotify COVID-19 Music Relief project, the company will match public donations up to a total company contribution of $10 million, according to a news release. Spotify will also recommend verified organizations who can provide financial assistance to members of the music community most in need.

The streaming platform also launched a COVID-19 hub, containing news and information about the coronavirus pandemic and allotted ad space for health and safety public service announcements.

READ MORE: Sign up for our weekly coronavirus newsletter here, and read our latest coverage on the crisis here.