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May 2, 2024 2:26:52 GMT -5
Post by dremolus - solarpunk on May 2, 2024 2:26:52 GMT -5
Universal Music Group and TikTok Agree New Music Licensing Agreement
Universal Music Group and TikTok have announced a new βmulti-dimensional licensing agreementβ that will bring to an end a dispute over royalties that saw music from UMG artists such as Taylor Swift, Lady Gaga and Drake pulled from the social media platform.
Under the agreement, UMG says that its βglobal family of artists, songwriters and labels and will return their musicβ to TikTok.
The two companies have been in a months-long, and very public, standoff over the royalties TikTok paid to UMGβs artists, with the music giant ultimately pulling the music from its roster of artists at the end of January. UMG even went so far as to releasing an open letter that accused TikTok of βtrying to build a music-based business, without paying fair value for the music.β
Signs of a growing dΓ©tente between TikTok and UMG appeared in April, when it was revealed Taylor Swiftβs music has returned to the platform ahead of the artistβs release of her double album The Tortured Poets Department.
Now the two companies have come to an agreement that will see the music by artists represented by UMG and songwriters represented by Universal Music Publishing Group return to TikTok in βdue course.β
Sir Lucian Grainge, chairman and CEO of Universal Music Group, said in a statement: βThis 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. 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.β
βMusic is an integral part of the TikTok ecosystem and we are pleased to have found a path forward with Universal Music Group,β TikTok CEO Shou Chew added in a statement. βWe are committed to working together to drive value, discovery and promotion for all of UMGβs amazing artists and songwriters, and deepen their ability to grow, connect and engage with the TikTok community.β
Source: www.hollywoodreporter.com/news/music-news/universal-music-group-tiktok-new-music-licensing-agreement-1235888490/
Universal Music Group and TikTok have announced a new βmulti-dimensional licensing agreementβ that will bring to an end a dispute over royalties that saw music from UMG artists such as Taylor Swift, Lady Gaga and Drake pulled from the social media platform.
Under the agreement, UMG says that its βglobal family of artists, songwriters and labels and will return their musicβ to TikTok.
The two companies have been in a months-long, and very public, standoff over the royalties TikTok paid to UMGβs artists, with the music giant ultimately pulling the music from its roster of artists at the end of January. UMG even went so far as to releasing an open letter that accused TikTok of βtrying to build a music-based business, without paying fair value for the music.β
Signs of a growing dΓ©tente between TikTok and UMG appeared in April, when it was revealed Taylor Swiftβs music has returned to the platform ahead of the artistβs release of her double album The Tortured Poets Department.
Now the two companies have come to an agreement that will see the music by artists represented by UMG and songwriters represented by Universal Music Publishing Group return to TikTok in βdue course.β
Sir Lucian Grainge, chairman and CEO of Universal Music Group, said in a statement: βThis 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. 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.β
βMusic is an integral part of the TikTok ecosystem and we are pleased to have found a path forward with Universal Music Group,β TikTok CEO Shou Chew added in a statement. βWe are committed to working together to drive value, discovery and promotion for all of UMGβs amazing artists and songwriters, and deepen their ability to grow, connect and engage with the TikTok community.β
Source: www.hollywoodreporter.com/news/music-news/universal-music-group-tiktok-new-music-licensing-agreement-1235888490/