Music label threatens to pull songs off TikTok over compensation debate


Summary

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Full story

Some popular TikTok songs may be pulled from the app soon, including Taylor Swift, Harry Styles, Billie Eilish and more. Universal Music Group — one of the largest music labels representing major pop stars — is threatening to pull its artists’ music because of a clash with TikTok about compensation.

“Ultimately TikTok is trying to build a music-based business, without paying fair value for the music,” UMG said in a public letter to its artists. “TikTok attempted to bully us into accepting a deal worth less than the previous deal, far less than fair market value and not reflective of their exponential growth. ”

UMG said if TikTok does not put forward a better offer by the end of the day on Jan. 31, then the label will remove the artists’ soundtracks on the app.

TikTok was quick to respond.

https://twitter.com/TikTokComms/status/1752539546233843884?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1752539546233843884%7Ctwgr%5Edf08525a0299cda2544c982fea97e6e43f23df7a%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fiframe.nbcnews.com%2F7MnRSi3%3F_showcaption%3Dtrueapp%3D1

“It is sad and disappointing that Universal Music Group has put their own greed above the interests of their artists and songwriters,” TikTok said in a statement on X. “The fact is, they have chosen to walk away from the powerful support of a platform with well over a billion users that serves as a free promotional and discovery vehicle for their talent.”

While the two giants in their respective industries are at odds, they are also mutually beneficial.

The majority of videos posted on TikTok have music to them. Eight out of the top 10 most popular artists heard on TikTok are represented by UMG.

From viral dance videos to the beat of a Taylor Swift song, to lip syncs of Drake’s raps and more, the artists get millions of listens. This means the musicians’ songs are getting boosts in the Billboard Top 10 and a bump in revenue, which may not have happened otherwise.

For example, Fleetwood Mac’s “Dreams” went viral from a video garnering over 90 million views. The song, which is from the 70s, likely would never have been in the Top 100 in 2020. However, TikTok’s boost gave it new life, generating more listens and more money.

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Why this story matters

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The players

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Oppo research

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Underreported

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Bias comparison

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  • The Right eleifend purus viverra suscipit cursus cubilia ornare fusce fames ante, dui erat dolor pretium dictumst ultricies eget penatibus tincidunt urna, mi ad luctus placerat faucibus litora aenean lacus.

Media landscape

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Key points from the Left

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Key points from the Center

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Timeline

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Summary

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Full story

Some popular TikTok songs may be pulled from the app soon, including Taylor Swift, Harry Styles, Billie Eilish and more. Universal Music Group — one of the largest music labels representing major pop stars — is threatening to pull its artists’ music because of a clash with TikTok about compensation.

“Ultimately TikTok is trying to build a music-based business, without paying fair value for the music,” UMG said in a public letter to its artists. “TikTok attempted to bully us into accepting a deal worth less than the previous deal, far less than fair market value and not reflective of their exponential growth. ”

UMG said if TikTok does not put forward a better offer by the end of the day on Jan. 31, then the label will remove the artists’ soundtracks on the app.

TikTok was quick to respond.

https://twitter.com/TikTokComms/status/1752539546233843884?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1752539546233843884%7Ctwgr%5Edf08525a0299cda2544c982fea97e6e43f23df7a%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fiframe.nbcnews.com%2F7MnRSi3%3F_showcaption%3Dtrueapp%3D1

“It is sad and disappointing that Universal Music Group has put their own greed above the interests of their artists and songwriters,” TikTok said in a statement on X. “The fact is, they have chosen to walk away from the powerful support of a platform with well over a billion users that serves as a free promotional and discovery vehicle for their talent.”

While the two giants in their respective industries are at odds, they are also mutually beneficial.

The majority of videos posted on TikTok have music to them. Eight out of the top 10 most popular artists heard on TikTok are represented by UMG.

From viral dance videos to the beat of a Taylor Swift song, to lip syncs of Drake’s raps and more, the artists get millions of listens. This means the musicians’ songs are getting boosts in the Billboard Top 10 and a bump in revenue, which may not have happened otherwise.

For example, Fleetwood Mac’s “Dreams” went viral from a video garnering over 90 million views. The song, which is from the 70s, likely would never have been in the Top 100 in 2020. However, TikTok’s boost gave it new life, generating more listens and more money.

Tags: , , ,

Why this story matters

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Get the big picture

Synthesized coverage insights across 119 media outlets

The players

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Underreported

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Policy impact

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Bias comparison

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  • The Center neque fames donec quis ullamcorper lectus fusce platea commodo, sem nisi hendrerit conubia facilisis dignissim proin himenaeos adipiscing, blandit vivamus leo ultrices consectetur ipsum mi.
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Media landscape

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104 total sources

Key points from the Left

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Key points from the Center

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Timeline

  • Bob Dylan auction items, including draft lyrics to “Mr. Tambourine Man,” which sold for $508k, generated $1.5 million in sales at Julien’s.
    Lifestyle
    Jan 20

    Bob Dylan’s ‘Mr. Tambourine Man’ draft lyrics auctioned for $508,000

    Bob Dylan’s words remain as valuable as ever. Draft lyrics to his iconic song “Mr. Tambourine Man” recently sold for $508,000 at auction. Sixty of Dylan’s personal items were sold on Saturday, Jan. 18, through Julien’s Auctions. These included handwritten postcards, a property transfer tax return, clothing, photos, drawings and music sheets. Altogether, the auction […]

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