Snap is launching a new Sounds Creator Fund to financially support independent artists who are distributing music on Snapchat via DistroKid. Starting in August, the company will distribute payments for up to 20 songs per month at $5,000 per song. Snap anticipates awarding up to $100,000 in grants each month. The company told TechCrunch that its Music Team will select songs from emerging artists who have created songs that are driving content across the app. Artists must be based in the United States and be at least 16 years old in order to be eligible for the fund.
When asked how long the program will last, a …
