TikTok and Universal Music deadlock over royalties and AI
Financial Times — February 28, 2024, 11:00 PM UTC
Summary: TikTok's negotiations with Universal Music have failed, leading to a deadlock over money, copyrights, and AI-generated songs. Universal, controlling a third of the world's music, stopped licensing to TikTok last month. The impasse could silence millions of songs. TikTok offered a "low single-digit" percentage of ad revenue, while Universal seeks a 20% cut, and wants royalties to go to human musicians, not AI. The dispute affects artists and users, and could impact music revenues for years.
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