CNBC TV18
By Anand Singha
Published May 2, 2024
Songs Restoration: Millions of songs, including those from artists like Billie Eilish and Ariana Grande, will return to TikTok.
Accusations Exchanged: Dispute arose over payment issues, leading to accusations traded between the two companies.
Improved Remuneration: Settlement includes "improved remuneration" for artists, though exact figures undisclosed.
Taylor Swift’s Agreement: Taylor Swift had already agreed separately to return her music to TikTok due to owning copyright.
Collaborative Efforts: Universal's Sir Lucian Grainge and TikTok's Shou Zi Chew express commitment to collaboration for artist and songwriter interests.
Drake and The Weeknd Return: Two big stars returning to the platform following previous AI-related dispute.
AI Protections: Agreement includes "industry-leading protections" around AI, aiming to safeguard human artistry.
Commitment to Responsible AI Development: Both companies vow to develop AI tools responsibly to protect human creativity.
Artists’ Concerns: Billie Eilish and Nicki Minaj have urged tech firms to refrain from creating AI music generation tools.
Whether the commitments fully address artists’ concerns remains to be seen.