TikTok, UMG Resolve Royalty Dispute with New Licensing Agreement

May 2, 2024, 07:31 AM

TikTok and Universal Music Group (UMG) have resolved their royalty dispute with a new licensing agreement, ensuring the return of music from UMG artists to the TikTok platform. The agreement marks the end of a feud between the two entities, allowing TikTok users access to tracks from popular artists such as Drake, Lady Gaga, Tay, and Billie. This deal is seen as a significant development for both TikTok and UMG, re-establishing their partnership and promising a new chapter for music streaming on the social media platform.