TikTok owner ByteDance plans to launch music streaming -FT

TikTok owner Beijing ByteDance Technology Co Ltd is in talks with big music labels – Universal Music , Sony Music and Warner Music – for global licensing deals to include their songs on its new music subscription service, the Financial Times reported on Sunday. ByteDance is looking to launch its music streaming as soon as next month, initially in emerging markets such as India, Indonesia and Brazil, before a future opening in the United States, the FT reported https://on.ft.com/37brU3U, citing people familiar with the matter. In addition to on-demand music, ByteDance’s app will include a library of short …read more

Source:: Yahoo Finance

      

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