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

San Francisco, July 29 Popular social media platform Snap, the parent company of Snapchat, has announced a new creator fund that will award independent music up to $100,000 per month.

The company 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 support the independent and emerging artists that are driving creation on Snapchat," Ted Suh, Global Head of Music Partnerships at Snap, said in a statement.

"

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

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

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

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor