TikTok parent Bytedance has acquired UK based music AI startup Jukedeck, according to multiple reports. The purchase, which could offer AI-created music to TikTok’s 500 million global users even as the social video app continues contentious re-licensing with the major labels and battles performing right organizations. The Jukedeck site is…
Category archives: TikTok
TikTok owner Bytedance buys AI music company Jukedeck
Jukedeck had raised $2.5m before the deal was executed
The post TikTok owner Bytedance buys AI music company Jukedeck appeared first on Music Business Worldwide.
Following a Record $5.7 Million Fine In America, TikTok’s Faces a British Investigation Over Child Privacy Violations
TikTok hasn’t exactly had the best year. Near the end of 2018, the ByteDance-owned company beat YouTube, Facebook, and Instagram in total mobile downloads. In the U.S. alone, the short-form video sharing app grew 25%. It seemed things would get better…
TikTok parent hires ex-Deezer exec to run music biz relations in Latin America
Executive was previously Head of Music Industry Relations Americas at Deezer
The post TikTok parent hires ex-Deezer exec to run music biz relations in Latin America appeared first on Music Business Worldwide.
TikTok Passes 120M Montlhy Users In India As Label Talks, Streaming Plans Continue
TikTok now has 200 million registered users, with 120 million using the short video app every month. The milestone comes as the company is in talks with major labels and publishers to launch a music streaming service. ByteDance, the Chinese conglomerate that owns TikTok, could launch its Spotify competitor as…
Monetising Fandom: How ByteDance Is Poised To Lead A Streaming Paradigm Shift [Mark Mulligan]
Music subscriptions are going a great job of monetising music consumption, says MIDiA analyst Mark Mulligan, but the next phase is monetise music fandom. "In short," he says, "streaming needs to figure out how to bring heart and soul back to music. ____________________________ By Mark Mulligan of MIDiA from his…
ByteDance’s Music Streaming Service Set to Launch as Soon as This Fall — Likely Without Licenses From the Big 3
Last month, amidst stalled negotiation talks with major labels over TikTok’s ‘Value Gap,’ parent company ByteDance quietly started work on a new music streaming app. According to sources, the Chinese conglomerate has over 100 people working on the app….
India Reverses TikTok Ban; App Reportedly Still Remains Unavailable
Two months ago, enraged lawmakers in India spoke out against TikTok. According to authorities, the app encouraged young adults to engage in “cultural degradation.” This came after the death of a college student as well as a suicide. Last October, a 24-…
How Fanbytes harnesses the power of TikTok
UK-based influencer network pushed RuthAnne and Patrick Martin on platform
The post How Fanbytes harnesses the power of TikTok appeared first on Music Business Worldwide.
Major Labels Demanding ‘Guaranteed Money’ From TikTok Owners
Spring will shepherd in the cancellation of numerous music contracts, and with renegotiations on the table, three of the industry’s biggest labels are eager to see if they can squeeze some additional revenue out of the rapidly growing social media platform TikTok. _____________________________ Guest post by James Shotwell of Haulix…