Snap launches India creator fund to support independent artists distributing music on Snapchat
Snap, the parent company of photo and video sharing app Snapchat, on Tuesday announced the launch of its Sounds Creator Fund in India. It will provide monthly grants of up to $50,000 to emerging, independent artists through the fund.
“Beginning in mid-November, Snap will provide monthly grants of up to $50,000 to emerging, independent artists distributing music on Snapchat via DistroKid, and driving the creation of content on the platform,” the company said in a statement.
DistroKid is a digital music distribution service through which artists can distribute their licensed music to streaming platforms such as Spotify and Apple Music, and to social media apps like Snapchat and Instagram.