Apple announces $50 million Royalty Advance Fund for independent labels
(iMore iPhone)

Apple`s latest relief effort during the pandemic focuses on the music industry. What you need to know Apple has announced a $50 million Royalty Advance Fund for indie labels. The fund will be provided in good faith to provide labels and artists with pay during the pandemic. The music industry has been hit hard by the crisis as concerts, recordings, and albums have been canceled or postponed. Apple has been bringing forth a number of efforts to combat the coronavirus pandemic, and its latest effort seems to be targeted at the music industry. As reported by Rolling Stone, the company has sent a letter to independent record labels that it is starting a $50 million Royalty Advance Fund to help the labels and artists weather the crisis. According to the letter, advances will be made available to labels with a direct Apple Music distribution deal that earn at least $10,000 a quarter through the service. Apple says that advances are being provided `in good faith that labels will chan...