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.
Source: Snapchat Will Pay Indie Music Artists Up to $100,000 Monthly for Top-Performing Songs