TikTok Owner ByteDance to Launch Music Streaming Service in India Next Month

Post-obit its massive success in the social networking infinite over the past couple of years, TikTok owner ByteDance is reportedly looking to get into the music streaming business. The company is believed to accept already acquired streaming rights from Indian tape labels like T-Series and Times Music, and a new report from FT now claims that the visitor is besides in talks with Universal Music, Sony Music and Warner Music for global licensing deals.

The report further says that the service may be launched as early every bit next month, simply only in select markets similar India, Indonesia and Brazil. The company is besides reportedly planning a foray into the U.s.a., but that is only likely to happen subsequently it has acquired the rights from the global music labels. Meanwhile, ByteDance'southward music streaming app will also include "a library of brusque video clips for listeners to search through and sync to songs every bit they mind", the written report added.

There's no further word on the subject at this bespeak, so we don't know either the name of the app or the subscription plans, only it won't be a stretch to believe that the pricing will exist at to the lowest degree on par with that of Apple Music and Spotify, both of which price less that $ten per month in the US, and fifty-fifty lower in India.

Given that it has to compete against pop incumbents like Spotify, Apple Music, Amazon Music, Gaana and JioSaavn in India, ByteDance will have its work cut-out equally it tries to gain a foothold in what is already an extremely competitive market. That being the case, information technology volition be interesting to see if the company will be able to convert electric current TikTok users into paying subscribers of its music streaming service.

Source: https://beebom.com/tiktok-music-streaming-service-launch/

Posted by: birchproome.blogspot.com

Share this post