TikTok: Universal Group wants to remove music from the app. This has significant consequences.
Universal Music admitted that the move would have consequences for its own musicians. TikTok has more than a billion users and is the only successful online platform in the West that does not come from the USA. The service belongs to the Bytedance Group, which comes from China. However, the company always emphasizes that it does not see itself as a subsidiary of a Chinese company. ByteDance is 60 percent owned by Western investors.