TikTok Maker Set To Take on Spotify With Free New Music Streaming App

Does the overcrowded and cut-throat music streaming business have room for an additional player? The world's most valuable startup certainly thinks so. From a report: Chinese conglomerate ByteDance, valued at more than $75 billion, is working on a music streaming service, two sources familiar with the matter told TechCrunch. The company, which operates popular app TikTok, has held discussions with music labels in recent months to launch the app as soon as the end of this quarter, one of the sources said. The app will offer both a premium and an ad-supported free tier, one of the sources said. Bloomberg, which first wrote about the premium app, reported that ByteDance is targeting emerging markets with its new music app. Further reading: Chinese Video Sensation TikTok Surpassed Facebook, Instagram, Snapchat and YouTube in Downloads in October 2018.

valued at more than $75 billion

[fustakrakich]

Fascinating! Bet it's not...

two sources familiar with the matter

Gotta love these guys! They sure do get around!

Re:

[cayenne8]

With Chuck Barris imitators?

"..with Juicy Jaye P. Morgan!!!"

Re:Dont insult yourself

[wolfheart111]

Some Chinese music is incredibly beautiful... you would be really surprised...

Will Streaming Last?

[v1s10nary]

I for one struggle to understand the long-term sustainability of all of these streaming platforms. It seems like every week there's a new up-and-coming music/video/game/etc. streaming platform that offers similar content at a similar price.

With a major debt crisis, lack of affordable housing, and on-going trade war, the average consumer's monthly disposable income is only going to get smaller. Spotify, Netflix, Hulu, and the likes will be the first things that go when people need to reduce their monthly liv

Live Music

[wolfheart111]

Cant beat that... some regular people are incredible... and its a real rush to be part of it... Recorded music is just not the same.