All three major record labels have shared a message on social media promising "a day to disconnect from work and reconnect with our community".
Employees have been given Tuesday off as "a day of action," intended to "provoke accountability and change".
Interscope vowed not to release new music this week, while Apple Music's Ebro Darden cancelled his radio shows.
Floyd, a 46-year-old African-American man, died last week after a white police officer knelt on his neck for several minutes.
