TikTok owner Bytedance is in talks with bug music labels- Universal Music, Sony Music and Warner Music – for global licensing deals to include their songs on its new music subscription service.
A popular short-video making an app is going to enter the music streaming business with its own service from next month. ByteDance’s music streaming app will make its way to India, Indonesia and Brazil before entering the United State, according to the report.
in addition to on-demand music, Bytedance’s app will include a library of short video clips for listeners to search through and sync to songs as they listen.
ByeDance has not revealed the name to its music apps yet and pricing remains. Although it is expected to cost less than the $10 (approximately Rs 700) a month charged by Spotify, Apple and other in the United State.
In India, where even Spotify and Apple Music offer their service for less than $2 per month. Local players like Gaana, JioSaavn and Hungama are the go-to options for most users and costs less than $1.40. Other music streaming service like Amazon Music and Airtel Wynk come bundled with Amazon Prime subscription and mobile plans for Airtel customers.
Souce: Tech Radar
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