TikTok is abandoning its plan to take on Spotify in music streaming [Business Insider]
Spotify Technology S.A. Ordinary Shares (SPOT)
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am
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Source: Business Insider
TikTok will continue to be a major player in music discovery, however. TikTok is shutting down its music-streaming app, TikTok Music , on November 28. The app, which blends social features with music streaming , first launched in July 2023 in Indonesia and Brazil, later expanding into Singapore, Australia, and Mexico a couple of weeks later. It never arrived in the US, despite the company filing a trademark application for the name in 2022. "We will be closing TikTok Music at the end of November in order to focus on our goal of furthering TikTok's role in driving even greater music listening and value on music streaming services, for the benefit of artists, songwriters and the industry," Ole Obermann, TikTok's global head of music business development, told Business Insider in a statement. TikTok Music's shuttering marks the end of a four-year experiment in streaming by the company's owner, ByteDance. Before the launch of TikTok Music, ByteDance ran a similar music-streaming
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- TikTok shuttering its music service 'a clear positive' for Spotify - Deutsche Bank Sep. 25, 2024 10:18 AM ET By: Ahmed Farhath , SA News Editor [Seeking Alpha]Seeking Alpha
- Spotify expands AI Playlist feature to four new markets, including U.S. and Canada [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- TikTok to Shut Down its Music Streaming Business in November [Yahoo! Finance Canada]Yahoo! Finance Canada
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