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Universal Music will rush release a digital-only album featuring Rihanna, Nicki Minaj, Lady Gaga and Justin Bieber, among others, with all proceeds going to support the disaster relief in Japan, according to MTV. Universal Music said that all money made will go to the Japanese Red Cross.

While the lineup has not been finalized, the record label plans to find more acts who are willing to waive royalties that would have come from their tracks appearing on the compilation. Rumors are swirling that U2 and Bon Jovi will be added to the bill – and they plan on doing it fast.

“We are doing it only digitally because it is faster, and this will be a worldwide release. The plan is to have it available later this week,” a spokesperson for Universal Music said.

The music industry has been quick to support the relief efforts, with Lady Gaga‘s specially designed prayer bracelet selling out in only two days to make $250,000 for the people of Japan. Katy Perry donated funds raised from selling tour merchandise and The Black Eyed Peas have announced that the music video for “Just Can’t Get Enough” would be used to promote awareness and funds for victims of the tragedy. The clip, which was eerily shot in Japan just one week before the earthquake and tsunami hit, shows the band traveling throughout Tokyo.

Good to see these musicians doing something positive with all their money!

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