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Universal music and TikTok licensing dispute

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In a recent development, Universal Music Group (UMG) and TikTok have hit a roadblock in their licensing negotiations, raising concerns about the availability of UMG’s extensive music catalog on the popular social media platform.

The situation took a serious turn as a UMG spokesperson declared that if an agreement isn’t reached by Wednesday, all UMG songs will be removed from TikTok once the existing deal expires. This potential removal would affect the vast array of songs from UMG artists, impacting the music experience for millions of TikTok users.

UMG, in a strongly-worded letter, accused TikTok of attempting to establish a music-based business without adequately compensating for the use of UMG’s music. The music label expressed dissatisfaction with TikTok’s proposed payment rates for artists and songwriters, deeming them a “fraction” of what other major social platforms offer for similar services.

In response, TikTok countered UMG’s claims, labelling them as “false” and asserting that UMG’s actions are not aligned with the best interests of artists, songwriters, and the platform’s user base. This dispute sheds light on the ongoing tension between content creators, music labels, and social media platforms over fair compensation for the use of copyrighted material.

As the deadline approaches, users and industry observers alike are closely watching the negotiations between UMG and TikTok, anticipating the resolution of this dispute and the potential impact on the future collaboration between music labels and social media platforms.

 

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Snap elections shake Macron’s government

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What lies ahead for the French government?

Euro Bloch is a comprehensive program designed to highlight the breadth of topics and issues within the EU political landscape. It offers insightful analysis within the evolving framework of relations between the European Union and Australia/Asia-Pacific region.

Hosted by Ticker EU correspondent, Natanael Bloch.

In this episode, Natanael sits down with Ahron Young to discuss the latest developments following the recent French snap elections. #euro bloch #trending

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Money

Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Money

Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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