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Snapchat Will Pay Indie Music Artists Up to $100,000 Monthly for Top-Performing Songs
Todd Spangler NY Digital EditorSnap has announced the Snapchat Sounds Creator Fund: Its first fund designed to support emerging and independent artists who distribute their music on the app via DistroKid.Starting in August, Snap will provide monthly grants of up to $100,000 to artists who are distributing music on Snapchat via DistroKid. The program is currently capped at 20 songs; Snap says it will provide grants of $5,000 per song to artists, based on the level of engagement Snapchat users have with the music.Currently, musicians who are signed with Snap’s music label and publisher partners — which include Universal Music Group, Warner Music Group, Merlin, Sony Music Publishing, Universal Music Publishing Group, Warner Chappell and Kobalt — monetize their content through those agreements.
