BitTorrent Has Launched A Fund To Give Out Cash Grants To Musicians And Artists
The Discovery Fund is a grant program for market and promotional funding for artists.
BitTorrent has launched a fund that will dish out cash grants to musicians and artists.
As reported by Pitchfork, the Discovery Fund is a grant program for market and promotional funding for artists, and BitTorrent will award up to $100,000 (over £75,000) to up to more than two-dozen artists, in a rolling application process.
“Over the next year, BitTorrent aims to partner with 25 creators by providing cash grants and global promotional support to build impactful releases and discover new fans.” BitTorrent said in a blog post.
“We are looking for artists, musicians, filmmakers, designers and other creators working on uncompromised projects representing a diverse, original perspective seeking world wide distribution.
“This open, international initiative has a rolling call (so you can apply when your project is ready) and provides $2,500- $100,000 in marketing and distribution funding to use at your discretion.”
BitTorrent seem to have gone fairly legit these days, with this announcement following the launch of BitTorrent Now earlier this year, which is a free, ad-supported streaming component to the already established (and more well-known) direct-to-fan distribution platform. BitTorrent offers artists a 70/30 split on ad revenue for its free tier.