Universal pulls songs from TikTok following main row over funds
Universal Music will pull hundreds of thousands of songs from TikTok in a row over funds.
The transfer by the world’s largest music label signifies that the Chinese social media big will now not have entry to songs by artists starting from Taylor Swift to The Beatles.
TikTok has been negotiating with Universal, which desires extra for musicians and safety from the rise of AI.
Labels earn royalties when songs are performed through streaming and social media.
But Universal, which controls a 3rd of the world’s songs, has accused TikTok of ‘bullying’, saying it pays a ‘fraction’ of the speed that different websites pay.
Catalogue: Universal Music owns songs by artists from Taylor Swift (pictured) and Adele to The Beatles and Marvin Gaye
It mentioned: ‘TikTok is trying to build a music-based business, without paying fair value.
‘We recognise the challenges TikTok’s actions will trigger, and don’t underestimate what it will imply to our artists and their followers who might be amongst these subjected to the near-term penalties of TikTok’s unwillingness to strike something near a market-rate deal.’
TikTok mentioned: ‘It is sad and disappointing Universal has put greed above the interests of artists and songwriters.
Despite Universal’s false narrative and rhetoric, the actual fact is that they have chosen to stroll away from the highly effective assist of a platform with effectively over 1bn customers’.
