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TikTok may lose Universal Music Group song catalog
Universal Music Group has warned it will pull its music from TikTok upon the expiry of the current deal which licenses content
A dispute has emerged between the two companies with the Chinese-owned video hosting service responding with claims Universal is prioritizing greed ahead of the interests of artists and songwriters. The multinational music production company released a statement detailing how it has failed to agree to fresh terms with TikTok, amid claims of pressure being applied on them, with the existing arrangement due to expire on 31 January. “Despite Universal’s false narrative and rhetoric, the fact is they have chosen to walk away from the powerful support of a platform with well over a billion users that serves as a free promotional and discovery vehicle for their talent.
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