Warner Music & TikTok Ink Major Licensing Agreement To Grow Social Media Revenue.

Warner Music & TikTok Ink Major Licensing Agreement To Grow Social Media Revenue.

"Warner Music Group, which has top artists like Ed Sheeran and Dua Lipa in its stable, has unveiled a multiyear licensing deal with TikTok to boost its social media platforms revenues.

The world’s biggest record company has already seen digital music revenues grow from TikTok and its shortform viral dance videos. And emerging music artists increasingly break out on social media platforms before being signed by the major music labels like WMG, while other platforms like Facebook and Instagram are increasingly using music as content, offering additional revenues

Warner Music’s newly signed multiproduct deal with the rapidly growing video platform will license the repertoire of Warner Recorded Music and Warner Chappell Music to TikTok, TikTok Music, CapCut, and TikTok’s commercial music library to cement a partnership and collaboration between the two companies.

“We are happy and excited for our next chapter together with TikTok. Through this expanded and significantly improved partnership for both companies, we can jointly deliver greater value to WMG’s artists and songwriters and TikTok’s users,” Robert Kyncl, CEO of Warner Music Group, said in a statement.

WMG is eyeing new revenue and marketing opportunities for its own artists and songwriters as they make inroads into TikTok’s global music fan base. As part of the deal, WMG artists and songwriters will be able to work with TikTok’s brand partners and secure new revenues from merchandise, ticketing and digital goods and services, among other opportunities.

Additionally, the companies have agreed to a licensing deal for TikTok Music, the premium subscription streaming service recently launched in Indonesia and Brazil, with plans for further growth in other markets. WMG has been working to grow its subscription and ad-supported streaming platforms revenues.

And TikTok has been similarly looking to help its own creators monetize their followings and upload longer-form content. “We are very excited to partner with Warner Music Group to create a shared vision for the future in which artists, songwriters, music fans, and the industry can all benefit from the power of discovery on TikTok platforms,” Shou Chew, CEO of TikTok, said in a statement."  -Hollywoodreporter.com

@itsnotyouitsmemedia As featured on our website - #JoelCorry & #CaityBaser bring nu-house dance delight sounds on track, "Dance Around It." 🎛🎧💥🎯 LIVE!! at Radio 1's Big Weekend 2023. #DanceMusic ♬ Dance Around It - Joel Corry & Caity Baser

@itsnotyouitsmemedia There wasn't a dancefloor that this was not blasted on! #DeborahCox - Nobody's Supposed to Be Here (Hex Hector remix) #MontellJordan #90smusic #throwback ♬ Nobody's Supposed to Be Here - Deborah Cox