TikTok Vs Spotify, what’s in the news? Over the past couple of years, TikTok, the popular video application has become one of the most popular names across the planet. While many allegations against the app have been coming up, it continues to grow.
Interestingly, TikTok vs Spotify might be the next big rivalry in the tech world: one which no one saw coming.
Bytedance, the owner of TikTok is reportedly interested in starting off a music-streaming service for the overseas market. Let us take a closer look at this TikTok versus Spotify rivalry.
TikTok vs Spotify: Bytedance Interested in Music Streaming Service
People familiar with the matter have commented that Bytedance plans to launch this service soon. This would mean a direct confrontation with the likes of Spotify which have been in this market for much longer. Spotify vs TikTok would be an interesting battle as Spotify is an established name while TikTok is the world’s fastest rising unicorn with $76 Billion at their disposal.
Reports also indicate that Bytedance is quite serious about this and over 100 people are working on developing this service.
TikTok vs Spotify: Digital Rights for Music to be costly for TikTok?
The biggest factor in this TikTok versus Spotify rivalry will be that of the costs involved in digital rights for music. TikTok already uses music from Warner Brothers, Sony Music, and Universal Music. However, once their current deal expires, the three are likely to raise their charges.
It will be interesting to see how things pan out once TikTok’s Spotify-competitor finally launches into the markets! Stay tuned with us for more updates on this.