Snapchat to pay musicians up to $100K/month for top-performing songs | Business Standard News

Snapchat to pay musicians up to $100K/month for top-performing songs

Popular social reflect platform Snap, the parent company of Snapchat, has announced a new creator fund that will award independent musicians up to $100,000 per month.

The concern said that the new grant programme is designed to recognise emerging, independent artists for their critical role in driving video creations, inspiring Internet trends and defining cultural moments.

"We want to befriend the independent and emerging artists that are driving interpretation on Snapchat," Ted Suh, Global Head of Music Partnerships at Snap, said in a statement.

"By providing meaningful give and creative support, our goal is for artists to feel empowered to finish creating and pursue a career in music," Suh added.

Snap said that starting in August, it will provide monthly grants of up to $100,000 to top Sounds creators that are trading music on Snapchat via DistroKid, and driving the interpretation of content across the platform.

Popular Sounds will also have the opportunity to be entailed in our Sounds product, in a Snapchat Lens or Spotlight.

The concern mentioned that artists must be based in the US and must be over 16 where applicable, and have parental consent.

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(Only the headline and report of this report may have been reworked by the Business Standard staff; the rest of the glad is auto-generated from a syndicated feed.)

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