On Wednesday, Universal Music Group announced that it will no longer be licensing its music to TikTok
The company accused the powerhouse of short videos of intimidating and threatening them during contract discussions.
In response, TiKTok said that UMG had prioritized "their own greed above the interests of their artists and songwriters."
TikTok was accused by UMG, the agency that manages celebrities like Drake and Taylor Swift, of trying to establish a music-related business "
"without paying fair value for the music."The powerhouse of short-form videos, TikTok, was accused of bullying and intimidation during contract negotiations by Universal Music Group,
which announced on Wednesday that it will no longer license its music to the platform.
The Chinese tech giant ByteDance owns TikTok, and UMG and it had a music license arrangement that expired on Wednesday.
No new terms have been agreed upon. This implies that UMG might remove its TikTok song library.
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