Universal Music Group Will Remove Songs from TikTok After Failing to Reach New Licensing Agreement

The music of Taylor Swift, Drake, Olivia Rodrigo, among many others, will disappear from TikTok by the end of Wednesday unless the social media giant can agree on a deal with Universal Music Group.

TikTok’s estimated 1.5 billion monthly users can enhance their videos with music from across the main record label catalogues, making it an important part of the modern music ecosystem. But UMG said in a statement early Wednesday that it would pull its tracks because of a lack of compensation for artists and songwriters.

“TikTok proposed paying our artists and songwriters at a rate that is a fraction of the rate that similarly situated major social platforms pay,” UMG said.

Read the source article at NBC News