Technology: ByteDance music streaming service to potentially launch within a month - - PressFrom - US
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Technology ByteDance music streaming service to potentially launch within a month

13:31  18 november  2019
13:31  18 november  2019 Source:   msn.com

Sony is bringing immersive audio to Tidal, Amazon Music and Deezer very soon

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TikTok to Reportedly Launch Music Streaming Service in India Next Month . Following its massive success in the social networking space over the past couple of years, TikTok owner ByteDance is reportedly looking to get into the music streaming business.

ByteDance is in talks with the world’s largest record companies — Universal Music , Sony Music and Warner Music — for global licensing deals to include their songs on its new music subscription service , according to people familiar with the matter. The Beijing-based technology company aims to

This weekend the Financial Times reported that TikTok owner ByteDance is working on a music streaming service.

a close up of a remote control: TikTok owner to reportedly launch a music streaming service. © JOEL SAGET / AFP TikTok owner to reportedly launch a music streaming service.

According to a report published by the Financial Times on Sunday, the Beijing-headquartered company ByteDance is in talks with major music labels like Universal, Sony, and Warner Music to include their content in an upcoming but currently unnamed subscription streaming service.

In addition to music, this platform would have a library of short video clips that could be searched for, synced with music, and then shared with friends.

Though pricing of the potential service has not yet been revealed, it will reportedly cost less than Spotify's and Apple's monthly US music subscriptions.

According to the Financial Times, the service could potentially launch as soon as December in countries like Brazil, India, and Indonesia. If all goes according to ByteDance's plans in said emerging markets, it will launch in the US, as well.

TikTok’s owner may launch a cheaper rival to Spotify and Apple Music next month .
The way Alex Zhu -- who today heads up the video app TikTok that's taken the teen and 20-something demographics by storm -- tells the service's origin story, it involves a train ride and a eureka moment. Back in 2014, Alex had co-founded Musical.ly, which trod similar ground as TikTok does today with the short-burst videos that users create in which they do everything from lip-syncing songs to dancing, showing off talent, and just generally being funny. Alex was on a train at one point back then, riding from San Francisco to Mountain View, California, and as he explains it to The New York Times, he started noticing the teenagers around him on the train.

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