Chinese internet giant ByteDance, owner of popular short video platform TikTok is getting ready to launch its own Music Streaming platform to give a tough fight to already established companies like Spotify, Apple Music, etc. Yes, you read it right, TikTok owner still isn’t done to put his own impression in other categories.
This report came from the Financial Times, where they claim that Byte Dance is planning to push an on-demand streaming music service with, as you might expect, a social media hook.
According to the report, the app would include a collection of short, searchable video clips you could sync to songs and share with your friends. It is also said that the subscription will charge less than $10 a month.
As of now, the company is claimed to be in talks with Sony, Universal and Warner to license their music catalogs for the service. However, it is expected to arrive sooner than anyone could ever think.
According to the report, the new music streaming app will be launching as early as December in countries like Brazil, India, and Indonesia. Service in the US is also coming, the sources said, although it wouldn’t be ready until sometime later.
The company hasn’t responded to anything on that. Currently, there is no information regarding the name of the new music streaming platform from ByteDance. However, we may expect to hear more about it in the coming weeks.
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