In a significant development in the music industry, Universal Music Group (UMG) has expanded its partnership with Spotify, symbolized as $SPOT on the stock market. This move comes amid UMG's ongoing public dispute with TikTok over allegations of the social media platform trying to cut costs on artists and failing to stop the spread of illicit AI-generated music. UMG accuses TikTok of prioritizing its own financial interests over those of artists and songwriters. In response, TikTok has accused UMG of greed. The expanded strategic relationship between UMG and Spotify will enable Spotify to distribute music videos in the US, offering Universal Music artists more promotional tools. This collaboration is seen as a unified effort against TikTok, following UMG's decision to pull its catalog from the platform.
As its public dispute with TikTok continues, Universal Music Group has set an expanded strategic relationship with Spotify https://t.co/BU9vyp6oYa
Universal Music Group turns to Spotify after pulling catalogue from TikTok https://t.co/ohORE75r9B
After spat with TikTok, UMG expands Spotify partnership to include music videos and more: https://t.co/JlybMbvwap by TechCrunch #infosec #cybersecurity #technology #news
After spat with TikTok, UMG expands Spotify partnership to include music videos and more https://t.co/bWGQ5IUnpA
Spotify to Add New Features for Universal Music Artists https://t.co/UVinLIbwUi
Universal Music and Spotify are strengthening their partnership amid the music label's fight with TikTok. https://t.co/XLoUi75Pt0
Universal Music and Spotify expand partnership amid TikTok dispute https://t.co/AxHwzk5FaJ
$SPOT | Universal Music Group And Spotify Expand Strategic Relationship - Will Enable Spotify To Distribute Music Videos In US
UNIVERSAL MUSIC GROUP & SPOTIFY EXPAND STRATEGIC RELATIONSHIP $SPOT
Universal Music Group Partners With Spotify to Offer Artists More Promotional Tools https://t.co/VqpGQnGNO5
Universal Music and Spotify Announce Vague ‘Expansion of Strategic Relationship’ That Probably Signals a Unified Effort Against TikTok https://t.co/7rGAmJvq6s
The clash of titans continues. @UMG accused #TikTock of trying to cut costs on artists and failing to stop the spread of illicit #AI music. TikTok strikes back, accusing UMG of “putting its own greed above the interests of their artists and songwriters.”👀 https://t.co/k2gO6fAa5Y