Helena Lyng Blak
12 weeks ago

Music Returns to TikTok: New Licensing Agreement Reached

Harmony restored: Universal Music Group and TikTok resolve their differences to bring music back to millions of users.
New york, USA - June 24 2021: TikTok for creator app on smartphone screen close up — Photo by dimarik
New york, USA - June 24 2021: TikTok for creator app on smartphone screen close up — Photo by dimarik

On Wednesday, May 1, 2024, Universal Music Group (UMG) announced it had reached a new licensing agreement with TikTok, meaning that UMG’s recorded music and publishing catalogs will once again be available for use in videos on TikTok.

“Music is an integral part of the TikTok ecosystem and we are pleased to have found a path forward with Universal Music Group,” said Shou Chew, CEO of TikTok. “We are committed to working together to drive value, discovery and promotion for all of UMG’s amazing artists and songwriters, and deepen their ability to grow, connect and engage with the TikTok community.”

Earlier in the year, UMG announced that it would pull its entire music catalog from the app, including music made by artists such as Taylor Swift, Billie Eilish, Drake, Lady Gaga, Ariana Grande, and The Beatles, due to claims of unfair compensation for artists, piracy, and poor rules regarding artificial intelligence, calling TikTok’s tactics “exploitative”.  

TikTok responded to UMG’s criticism, accusing the world’s largest music corporation of trying to sell a “false narrative and rhetoric,” and further stating that, “It is sad and disappointing that Universal Music Group has put their own greed above the interests of their artists and songwriters.”

As the conflict escalated, TikTok said it was further required to remove songs made by artists not signed to UMG, but who had collaborated with songwriters signed to Universal Music Publishing Group (UMPG), which led to TikTok withdrawing music from artists such as Harry Styles and SZA from the app.

However, this dispute now appears to have been resolved, as UMG and UMPG’s catalogs return to the app. 

According to UMG, the two parties have worked out a deal that delivers better compensation for artists, new promotional opportunities, and “industry-leading” protections in regards to AI. 

“This new chapter in our relationship with TikTok focuses on the value of music, the primacy of human artistry and the welfare of the creative community,” said Sir Lucian Grainge, Chairman and CEO of UMG. “We look forward to collaborating with the team at TikTok to further the interests of our artists and songwriters and drive innovation in fan engagement while advancing social music monetization.”

Disclaimer

The information provided by this Site is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.

More News

5 weeks ago Analysis: New Debate Rules Favor Biden New rules announced for the June 27th debate between Joe Biden and Donald Trump serves the President well.
5 weeks ago StanChart Becomes Among the First Global Banks to Launch Spot Crypto Trading StanChart breaks new ground by launching spot trading for Bitcoin and Ether, leading the charge among global banks in the cryptocurrency space.
5 weeks ago Crypto, Currently: June 21, 2024 - Market Bears Down on Major Cryptos Daily update on the five cryptocurrencies, we consider the most interesting right now.
5 weeks ago FX Daily: June 21, 2024 – Forex Market Update Daily update from the foreign exchange markets.
5 weeks ago Amazon Plans To Make Largest Reduction of Plastic Packaging in North America To Date Amazon's response to mounting criticism over its plastic waste with a new reduction plan.
5 weeks ago Ex-OpenAI Chief Scientist Ilya Sutskever Launches New Company Amid Criticism of ChatGPT Parent's Board Appointments Ilya Sutskever, former chief scientist at OpenAI, has co-founded a new company, Safe Superintelligence Inc., amidst ongoing scrutiny of OpenAI’s recent board appointments.
5 weeks ago FX Daily: June 20, 2024 - Mixed Movements in Global Currency Markets Daily update from the foreign exchange markets.