The Pak Banker

TikTok inks music deal to facilitate promotions

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TikTok on Thursday licensed a catalogue of independen­t music as it worked to build on the momentum of the social networking app specializi­ng in video snippets.

The deal between TikTok and Merlin, a digital rights agency for independen­t music labels, is designed to help facilitate the use of the short-form video service for promotions. Financial terms of the deal were not disclosed.

Merlin chief executive Jeremy Sirota said: "Merlin members are increasing­ly using TikTok for their marketing campaigns, and today´s partnershi­p ensures that they and their artists can also build new and incrementa­l revenue streams."

London- based Merlin said its roster of members spans more than 60 countries and includes tens of thousands of independen­t record labels, distributo­rs and artist management companies.

The news came as TikTok opened an office in Los Angeles to advance its ambitions in the US.

"Located between the innovative tech companies in Silicon Beach and the streaming content companies at Hayden tract ( in Los Angeles), TikTok truly sits at the intersecti­on of technology and entertainm­ent, physically and figurative­ly," TikTok US general manager Vanessa Pappas said.

"While we are a global company, having a permanent office in LA speaks to our commitment to the US market and deepens our bonds with the city, and the talent and companies, that call it home."

TikTok, launched by Chinese company ByteDance in September 2017, has quickly become one of the most popular social networks in the world, with young people its main market.

In November, the app hit 1.5 billion downloads worldwide, outperform­ing Instagram.

Users typically post short clips of themselves performing skits, lip- syncing and dancing.

But TikTok has come under scrutiny recently over whether it censors content deemed sensitive by China.

TikTok said in a statement in October its operations were not influenced by the Chinese government.

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