CISAC, Global Royalty Society, Launches ‘Ukraine Solidarity Fund’ — But Stops Short of Suspending Russia
variety.comJem Aswad Senior Music EditorWhile businesses across the globe have been pulling out of Russia, many have wondered why the music industry largely has not been following suit.
While sanctions have severely hampered Russia’s global business and the music industry is a very small part of that business, the optics on continuing to work in the country are not good.CISAC, the global confederation of authors societies such as ASCAP and PRS, has launched a new support fund dedicated to helping the victims of the war in Ukraine, although it stopped short of suspending operations with Russia, as Universal Music Group and many other companies have.
Still, the fund will probably provide much-needed relief to the people in Ukraine. The fund was approved by the CISAC Board today (March 9) and, according to the announcement, is the first step in a wider initiative called “Creators for Ukraine”, uniting the global creative community in support of creators and refugees forced to flee the country.
Donations made to the solidarity fund will be used to help refugees fleeing the war as well as projects specifically targeted at helping Ukrainian creators.Contributions from the new fund will be highly focused on specific projects, the announcement continues.
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