Technology: TikTok could be getting into the streaming music business - - PressFrom - US
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Technology TikTok could be getting into the streaming music business

15:45  18 november  2019
15:45  18 november  2019 Source:   cnn.com

TikTok opts out of paid political advertising entirely

  TikTok opts out of paid political advertising entirely While other social networks grapple with complex issues of political speech, growing video platform TikTokhas decided not to allow political ads of any kind. We'll have to see how that ban works in practice, as the company's list of disallowed material includes "paid ads that promote or oppose a candidate, current leader, political party or group, or issue at the federal, state, or local level – including election-related ads, advocacy ads, or issue ads."The Beijing-based app said in a statement that "the nature" of political ads don't fit its experience.

But ByteDance is taking a bit of a different approach than the music streaming giants. Instead of debuting its yet-to- be -named streaming However, ByteDance will try to get TikTok users to become paying members of its new streaming service. In addition to music , members of ByteDance’s

Could TikTok Help? As revenue from Spotify starts to sag for the first time, companies like Universal may need to look for new ways to boost earnings. I’ve dug further into Vivendi’s results, which are reported in Euros, by converting them into U.S. dollars at the prevailing rate in each relevant quarter

The Chinese company behind the surging social media phenomenon TikTok might try to conquer the competitive world of music streaming services next.

a close up of a logo: A TikTok logo is seen on a mobile device in Mountain View, California on November 2, 2019 as a photo illustration. The U.S. government organization, the Committee on Foreign Investment in the United States (CFIUS), has launched a national security review of TikTok owner Beijing ByteDance Technology Cos $1 billion acquisition of U.S. social media app Musical.ly. (Photo by Yichuan Cao/NurPhoto via Getty Images)© Yichuan Cao/NurPhoto via Getty Images A TikTok logo is seen on a mobile device in Mountain View, California on November 2, 2019 as a photo illustration. The U.S. government organization, the Committee on Foreign Investment in the United States (CFIUS), has launched a national security review of TikTok owner Beijing ByteDance Technology Cos $1 billion acquisition of U.S. social media app Musical.ly. (Photo by Yichuan Cao/NurPhoto via Getty Images)

ByteDance is in talks with several global record companies to strike deals for a new platform that could rival Spotify, Tencent Music and Apple Music, according to the Financial Times, which first reported the news.

TikTok's parent company reportedly faces a national security review

  TikTok's parent company reportedly faces a national security review Recently TikTok's popularity has exploded worldwide, and so has scrutiny over the app's parent company ByteDance and its relationship to the Chinese government. Now Reuters reports that the Committee on Foreign Investment in the United States (CFIUS) has opened a national security review of the company, because it had not sought approval to make its $1 billion acquisition of Musical.ly in 2017. US lawmakers have expressed concern's over theUS lawmakers have expressed concern's over the app's ability to collect data, while the company responded saying "TikTok is committed to being a trusted and responsible corporate citizen in the US, which includes working with Congress and all relevant regulatory agencies.

TikTok for Business : How You Can Use This New Social Network. By Kiely Kuligowski, Writer April 21 If you've heard of TikTok , chances are you've got a teenager somewhere in your life. Originally known as Musical .ly, TikTok stepped neatly into the void left by Vine after its untimely departure in

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 .

The FT said the streaming music service might launch "as soon as next month" in emerging markets, such as India, before possibly coming to the United States. It said that music executives are "keen to make money" from the free-to-use app TikTok, which gained popularity by letting users record videos of themselves lip-syncing or dancing to music.

ByteDance recently revealed it has amassed more than one billion monthly active users across its apps. TikTok users spent a record $10.8 million within the app in June, with US users accounting for more than 20% of in-app purchases, according to data analytics firm Sensor Tower.

The company declined to comment on the FT report. But a music streaming platform would be the latest addition to its growing arsenal. The firm said in July it's developing a phone after striking a deal with electronics company Smartisan.

-- CNN Business' Sherisse Pham and Michelle Toh contributed to this report.

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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