Music Business Worldwide reports: “The Wall Street Journal reported on Wednesday (October 12), citing people familiar with the discussions, that TikTok parent ByteDance is in negotiations with record companies about expanding its dedicated music-streaming platform to multiple new markets. The move, if successful, would see TikTok’s sister app, Resso, expand out of its three current marketplaces – Brazil, India and Indonesia – and into “more than a dozen” new territories. Initially, those markets would not include the United States, reports the WSJ, citing sources.”
TikTok Parent In Talks With Labels To Launch Music Streaming Service In 12+ New Markets
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