TikTok proprietor ByteDance plans to launch music streaming: FT


An individual holds a smartphone as Tik Tok emblem is displayed behind on this image illustration taken November 7, 2019. Information/Dado Ruvic/Illustration

(Information) – TikTok proprietor Beijing ByteDance Know-how Co Ltd is in talks with huge music labels – Common Music, Sony Music and Warner Music – for international licensing offers to incorporate their songs on its new music subscription service, the Monetary Instances reported on Sunday.

ByteDance is seeking to launch its music streaming as quickly as subsequent month, initially in rising markets akin to India, Indonesia and Brazil, earlier than a future opening in america, the FT reported, citing individuals acquainted with the matter.

Along with on-demand music, ByteDance’s app will embrace a library of brief video clips for listeners to look via and synch to songs as they hear, the report added.

ByteDance has not given a reputation to its music app but and pricing stays unclear, though it’s anticipated to price lower than the $10 a month charged by Spotify Know-how SA, Apple Inc and others in america, in keeping with the report. 

The corporate was not instantly accessible for touch upon Sunday.

Reporting by Anurag Maan in Bengaluru; Modifying by Peter Cooney