The Kingdom of Saudi Arabia bought 12,337,569 shares in Live Nation Entertainment, according to an SEC filing.
This comes less than two years after Ma was promoted to CEO of Warner Music China.
The sum will be divided up amongst three COVID-19 relief funds, including AIM's, Musician Unions', and Help Musicians'.
The music veteran will receive the prestigious honor during the 2020 Music Biz Conference in Nashville, TN.
Green Day, ASCAP, Stormzy, Coachella and SXSW have all been axed or postponed due to Coronavirus fears.
Here's what we know.
Is it time to scrap traditional sales altogether?
Can a genre-specific streaming site work?
The gender disparity amongst behind-the-scenes creatives still seems to be a major problem.