Spotify and Universal Music Group (UMG) have announced landmark recorded music and music publishing licensing agreements enabling Spotify to launch a new tool allowing fans to create covers and remixes of their favorite songs from participating artists and songwriters. This groundbreaking tool will be powered by generative AI technology that will open up additional revenue…
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Universal Music Group and TikTok new multi-year strategic licensing agreement
by themovieboards - Editor •
Universal Music Group (UMG), the world leader in music-based entertainment, and TikTok, the world’s best platform for music discovery and promotion, have announced a new multi-year strategic licensing agreement, further strengthening the existing relationship between the two companies, and providing additional benefits for artists, songwriters, creators, and fans. TikTok will continue to offer its global…