Jem Aswad Urban Music Los Angeles social song record president Digital Platform Jem Aswad Urban Music Los Angeles

Music Industry Moves: A2IM Names New Board of Directors; Beatport Opens Applications for Diversity + Parity Fund

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variety.com

Jem Aswad Executive Editor, Music + The Beatport Group is opening applications for grants to its second annual Diversity + Parity Fund.

The investment initiative is designed to support organizations that focus on underrepresented groups and promote diversity within the music industry.

The fund will offer financial support, editorial exposure, and marketing across Beatport’s social media platforms to help organizations increase their impact and reach a wider audience. “We believe in the power of music to unite people from all backgrounds, and it is our responsibility to ensure that the music industry reflects the diversity of the world we live in,” said Sofia Ilyas, Chief Community Officer of the Beatport Group.“Through the Diversity + Parity Fund, we are committed to accelerating change and creating a more inclusive and equitable music industry for everyone.” Last year the company distributed $100,000 to three inspiring organizations – Lady Of The House, Future Female Sounds and #FORTHEMUSIC.

This year the company has increased the fund by 50% to $150,000, establishing two separate kinds of grants: one for smaller organizations ($3,000 to $15,000 USD) and one for larger organizations ($15,001 to $30,000 USD).

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