ARMS (Artist Royalty and Music Services) was launched in 2016 by producer David Salas.
Bioethicist Zeke Emanuel told the NY Times it is not plausible to resume live events before Fall 2021.
Applications have been extended til May 16. Publishers and Independent Labels can also apply.
The deal also includes a publishing agreement with Capitol CMG.
Stream Local will launch on April 11, and will exclusively feature South African Acts.
The label will be run by young industry execs Shane Derozario, Dan Owusu, Lunick Bourgess.
Based in LA, Alonte will take up the newly-created role of SVP of Creative Integration (music).
The fund will go specifically to independent record labels who have a direct deal with the service.
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