After settling a royalty dispute with Universal Music Group, TikTok will restore millions of songs to its platform.
However, the schism appears to have been bridged, with the companies declaring “improved remuneration” for artists, albeit no specific amount of money has been disclosed.
In an email to staff obtained by the BBC, Universal’s CEO, Sir Lucian Grainge, stated that TikTok had agreed to “key changes.”
He wrote, “Under the new agreement, artist and songwriter compensation will be greater than under our prior TikTok deal.”
Ariel Ben Solomon is the Growth and Strategy manager at Ecomhunt. He is the host of the Ecomhunt Podcast. Can be followed on Twitter at @ArielBenSolomon
