TikTok owner ByteDance aims to launch its music streaming as soon as next month and would initially appear in markets such as India, Indonesia, and Brazil.
As per a report by the Financial Times, the company is in talks with big music labels such as Universal Music, Sony Music, and Warner Music for global licensing deals in order to include their songs on its new music subscription service.
Moreover, ByteDance’s app will include a library of short video clips for listeners to search through and sync to songs as they listen, the report added.
The company has not yet disclosed the service’s subscription pricing but is expected to cost less than the $10 (Approx. Rs. 700) a month charged by Spotify, Apple, and others in the United States.