{"id":21144,"date":"2024-05-04T18:26:56","date_gmt":"2024-05-04T18:26:56","guid":{"rendered":"https:\/\/mysourcefunding.com\/?p=21144"},"modified":"2024-05-04T18:26:57","modified_gmt":"2024-05-04T18:26:57","slug":"umg-music-to-return-to-tiktok-after-companies-reach-licensing-agreement","status":"publish","type":"post","link":"https:\/\/mysourcefunding.com\/?p=21144","title":{"rendered":"UMG music to return to TikTok after companies reach licensing agreement"},"content":{"rendered":"

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We\u2019re so back. TikTok and Universal Music Group struck a new deal that will bring music from UMG artists back onto the platform, the companies announced Wednesday.<\/p>\n

The new agreement was announced the day before TikTok\u2019s NewFronts presentation and ends a three-month-long dispute between the two companies that left the social media platform devoid of music from UMG.<\/p>\n

While a return date for UMG content on TikTok wasn\u2019t announced, the companies said they are \u201cworking expeditiously\u201d to bring it back, according to a joint press release issued this week.<\/p>\n

\u201cThis new chapter in our relationship with TikTok focuses on the value of music, the primacy of human artistry and the welfare of the creative community,\u201d Sir Lucian Grainge, UMG\u2019s chairman and CEO, said in a statement.<\/p>\n

Record skip:<\/strong> Music from major UMG artists like Drake and Ariana Grande originally began disappearing from TikTok in February after TikTok\u2019s licensing agreement with UMG expired. At the time, UMG accused TikTok of failing to pay artists fairly and cited the rise of AI-generated music on the platform, among other concerns. TikTok, meanwhile, accused UMG of putting \u201ctheir own greed above the interests of their artists and songwriters.\u201d<\/p>\n

The new agreement between the two companies addresses some of the aforementioned concerns through measures including:<\/p>\n