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Universal Music Group warned Tuesday that it would pull its songs, which include those by Taylor Swift and The Weeknd, from TikTok after a breakdown in talks over issues such as the compensation of artists.
Axar.az reports that in an open letter, Universal accused TikTok of "trying to build a music-based business, without paying fair value for the music."
Both sides have been discussing the terms of a new agreement, with their existing contract set to expire on Wednesday.
But their deal hasn't been renewed.
Among the issues raised in talks were appropriate compensation for artists and songwriters, online safety for users, and the protection of artists from the harms of artificial intelligence, the letter added.
2024.01.31 / 19:55