Universal Music Group has started pulling its artists’ music from TikTok after negotiations failed, Bloomberg’s Ashley Carman reports. Videos featuring UMG-owned songs will be muted, and users can pick a new soundtrack, according to the report.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on UMGNF:
- Universal Music Group plans to cease licensing content to TikTok, Variety says
- Universal Music Group price target raised to EUR 30 from EUR 28 at Barclays
- Universal Music Group price target lowered to EUR 33 from EUR 34 at JPMorgan
- Tencent Music, Universal Music Group extend multi-year strategic licensing pact
- The media stocks to own in 2024, according to Wells Fargo