RODE founder PETER FREEDMAN has donated $5 million to the Sydney Festival. It is the largest donation to the Sydney Festival in its history and will play an important role in the continuation of the festival after 2021. “I have long been an advocate for the Sydney Festival and strongly believe it is one of the world’s most important cultural events and most certainly Australia’s. The Festival has supported thousands of creative artists and behind-the-scenes workers in the industry. These are the people who have supported my career with RØDE, and this is my way of giving back to them.” says Friedman.
Friedman has made donations to a number of philanthropic ventures recently. In 2020, he bought the iconic acoustic guitar Kurt Cobain used on "MTV Unplugged" for a record $9 million. Plans have been set in motion for a world tour with this guitar to raise funding and awareness for struggling artists through the new foundation.