Universal Music Group

TikTok to close music-streaming business in November amid tough competition

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TikTok to close music-streaming business in November amid tough competition

ByteDance’s TikTok has announced that it will shut down the TikTok Music streaming service on November 28, which comes as the company has struggled to turn its success in marrying music and videos into a service that could take on the likes of Spotify and Google’s YouTube. “After this date, access to TikTok Music, including … Read more

TikTok, Universal Music Group seal new deal to return Taylor Swift, BTS, other artists to hit short video app

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TikTok, Universal Music Group seal new deal to return Taylor Swift, BTS, other artists to hit short video app

ByteDance-owned TikTok and UMG have signed in Los Angeles what they describe as a “multidimensional licensing agreement” that would deliver significant industry-leading benefits for UMG’s global family of artists, songwriters and labels. “Music is an integral part of the TikTok ecosystem and we are pleased to have found a path forward with Universal Music Group,” … Read more