How to make money in the music business | FT Film

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  • Financial Times published this video item, entitled “How to make money in the music business | FT Film” – below is their description.

    How do you make money in the music industry? Streaming platforms like Spotify now dominate. But social media apps like TikTok and Instagram are also changing the playing field. Some artists are moving away from traditional record deals and revenue sources. The FT’s Don Newkirk asks some of the world’s biggest music companies, record labels, and producers how they are adapting to this fast-changing industry. And he follows an up-and-coming hip-hop artist struggling to make his fair share as the coronavirus pandemic hits.

    #tiktokmusic #musicindustry #musicstreaming

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  • In This Story: TikTok

    TikTok, known in China as Douyin, is a Chinese video-sharing social networking service owned by ByteDance, a Beijing-based Internet technology company founded in 2012 by Zhang Yiming. It is used to create short music, lip-sync, dance, comedy and talent videos of 3 to 15 seconds, and short looping videos of 3 to 60 seconds.

    ByteDance first launched Douyin for the Chinese market in September 2016. Later, TikTok was launched in 2017 for iOS and Android in most markets outside of mainland China; however, it only became available worldwide, including the United States, after merging with another Chinese social media service Musical.ly on 2 August 2018.

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