What's next for TikTok's music industry revolution?

  • 📰 YahooNews
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

With a billion users, TikTok has rapidly become one of the most important players in the music industry, and now has its sights set on revolutionising the way artists are discovered and get paid.

Success stories such as Lil Nas X -- whose "Old Town Road" became effectively the biggest-selling US single of all time after going viral on TikTok -- have demonstrated the power of the short-form video app.

Sometimes, it's old songs given a new lease of life, such as recent crazes for Fleetwood Mac's "Dreams" or Boney M's "Rasputin". "Major labels are kinda crapping their pants because the traditional systems of marketing no longer apply. is a great leveller. You can do it on your own," he said.That was the case with Nigerian popstar CKay. His 2019 single "Love Nwantiti" was a decent-sized hit in his home country, but then TikTok users got hold of it, and by November 2021 it had surpassed 15 billion streams and topped charts from Asia to Europe to North America.

"But we have about one million small and medium businesses who want to make TikTok ads using music. And it's an absolute nightmare because our licences don't include commercial usage."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 380. in BUSİNESS

Business Business Latest News, Business Business Headlines