Fri. Feb 23rd, 2024

Universal Music announces the removal of its songs from TikTok

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TikTok has more than a billion users.

Agence France-Presse

The world's largest company in the music industry, Universal Music Group (UMG), announced on Tuesday the withdrawal of its songs from the social network TikTok, after negotiations with the platform on issues such as compensation for artists and songwriters.

In an open letter, Universal accused TikTok of trying to build a business based on music , without paying the fair value of the music.

Both sides discussed terms of a new deal, with the existing contract set to expire on Wednesday, but the deal was not agreed renewed.

In a statement, TikTok said it was sad and disappointing that Universal Music Group had put its own greed before the interests of its artists .

Among the issues raised during the negotiations were appropriate compensation for artists and songwriters, online security for users, as well as protecting artists from the harms of artificial intelligence, the letter added. x27;UMG.

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But as the negotiations progressed, TikTok tried to bully us into accepting a deal worth less than the previous deal, well below fair market value and not reflecting their exponential growth, Universal said.

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Taylor Swift and The Weeknd are represented by Universal.

Major record labels earn royalties from streaming and social media platforms.

The giant Universal, however, said that TikTok was offering to pay a rate that is only a fraction of the rate paid by major platforms in a similar situation.

Calling Universal's statements false, TikTok believes the label has chosen to turn away from the powerful support of a platform that has more than a billion users and serves as a free promotion and discovery vehicle for their talents.

Although TikTok has a large number of users, it only accounts for about 1% of total revenue of Universal, further denounced UMG in its letter.

Universal notes other issues such as the presence of a large number of AI-generated recordings on the TikTok platform.

Taylor Swift and The Weeknd are among the artists labeled by Universal.

Owned by the Chinese company ByteDance, TikTok is one of the most popular social networks in the world, with more than a billion of users.

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