The Fort Worth Press - What's next for TikTok's music industry revolution?

USD -
AED 3.672499
AFN 64.000094
ALL 81.249856
AMD 374.479697
ANG 1.789884
AOA 918.000131
ARS 1358.509472
AUD 1.394496
AWG 1.797375
AZN 1.703684
BAM 1.660575
BBD 2.014018
BDT 122.97229
BGN 1.668102
BHD 0.377221
BIF 2965
BMD 1
BND 1.272177
BOB 6.909844
BRL 4.993901
BSD 0.999962
BTN 93.39243
BWP 13.417166
BYN 2.853989
BYR 19600
BZD 2.01114
CAD 1.37333
CDF 2305.000148
CHF 0.781402
CLF 0.022498
CLP 885.450272
CNY 6.81825
CNH 6.81459
COP 3616.9
CRC 458.927866
CUC 1
CUP 26.5
CVE 93.696692
CZK 20.622011
DJF 177.720116
DKK 6.331297
DOP 59.874972
DZD 132.111008
EGP 51.964305
ERN 15
ETB 157.108602
EUR 0.847199
FJD 2.2208
FKP 0.737283
GBP 0.736931
GEL 2.689773
GGP 0.737283
GHS 11.050214
GIP 0.737283
GMD 74.000198
GNF 8775.000266
GTQ 7.645054
GYD 209.205767
HKD 7.83265
HNL 26.620039
HRK 6.381301
HTG 130.843264
HUF 308.024496
IDR 17153.1
ILS 2.997897
IMP 0.737283
INR 93.38725
IQD 1310
IRR 1316125.000091
ISK 121.839869
JEP 0.737283
JMD 157.796202
JOD 0.70903
JPY 158.796498
KES 129.198196
KGS 87.450434
KHR 4014.999576
KMF 418.000442
KPW 900.002027
KRW 1475.089962
KWD 0.30887
KYD 0.833287
KZT 474.398108
LAK 21970.000313
LBP 89550.000603
LKR 315.481573
LRD 184.275022
LSL 16.390323
LTL 2.95274
LVL 0.60489
LYD 6.330391
MAD 9.23375
MDL 17.099627
MGA 4136.999864
MKD 52.235992
MMK 2100.230461
MNT 3576.383271
MOP 8.070372
MRU 39.930294
MUR 46.249799
MVR 15.44985
MWK 1736.999908
MXN 17.24965
MYR 3.951035
MZN 63.95502
NAD 16.38988
NGN 1344.679956
NIO 36.720227
NOK 9.392355
NPR 149.427083
NZD 1.692005
OMR 0.384498
PAB 0.999966
PEN 3.440502
PGK 4.32025
PHP 60.056029
PKR 278.874973
PLN 3.58825
PYG 6391.02692
QAR 3.64575
RON 4.312303
RSD 99.411023
RUB 75.505783
RWF 1461
SAR 3.751456
SBD 8.048583
SCR 14.260609
SDG 600.999914
SEK 9.157035
SGD 1.270803
SHP 0.746601
SLE 24.649906
SLL 20969.496166
SOS 571.49891
SRD 37.424978
STD 20697.981008
STN 21.15
SVC 8.749475
SYP 110.584383
SZL 16.390141
THB 32.040081
TJS 9.449709
TMT 3.505
TND 2.883499
TOP 2.40776
TRY 44.747599
TTD 6.787576
TWD 31.602029
TZS 2594.999764
UAH 43.546827
UGX 3695.197178
UYU 40.219565
UZS 12170.513306
VES 477.98287
VND 26330
VUV 119.010039
WST 2.730706
XAF 556.960123
XAG 0.01252
XAU 0.000207
XCD 2.70255
XCG 1.802165
XDR 0.691898
XOF 555.999694
XPF 101.550268
YER 238.602736
ZAR 16.369865
ZMK 9001.17226
ZMW 19.174011
ZWL 321.999592
  • RBGPF

    -13.5000

    69

    -19.57%

  • JRI

    0.0935

    12.88

    +0.73%

  • CMSD

    0.2000

    23.03

    +0.87%

  • BCE

    -0.0300

    23.82

    -0.13%

  • CMSC

    0.0700

    22.71

    +0.31%

  • NGG

    -1.0900

    87.86

    -1.24%

  • GSK

    -1.3700

    57.81

    -2.37%

  • RELX

    0.9700

    35.68

    +2.72%

  • BCC

    -2.8100

    78.91

    -3.56%

  • RIO

    -0.3100

    98.56

    -0.31%

  • RYCEF

    -0.0600

    17.6

    -0.34%

  • VOD

    -0.0300

    15.59

    -0.19%

  • AZN

    -3.1700

    201.21

    -1.58%

  • BTI

    -0.8300

    56.68

    -1.46%

  • BP

    -0.0500

    46.12

    -0.11%

What's next for TikTok's music industry revolution?
What's next for TikTok's music industry revolution?

What's next for TikTok's music industry revolution?

With a billion users, TikTok has rapidly become one of the most important players in the music industry, and now has its sights set on revolutionising the way artists are discovered and get paid.

Text size:

Success stories such as Lil Nas X -- whose "Old Town Road" became effectively the biggest-selling US single of all time after going viral on TikTok -- have demonstrated the power of the short-form video app.

Major labels, which initially freaked out over TikTokers using their music without a licence, quickly realised they needed to get on board.

"When a disruptive tech platform appears, understandably the rights-holders get uncomfortable," TikTok's head of music Ole Obermann told AFP.

He was brought in from Warner Music in December 2019 to thrash out deals with the labels.

"Obviously we had to pay out substantial amounts of money. The good news is we're totally licenced now and we're talking to them every day about new things that haven't been done before."

- 'Changing everything' -

Meanwhile, TikTok has continued to create viral sensations that are reshaping the musical landscape.

Sometimes, it's old songs given a new lease of life, such as recent crazes for Fleetwood Mac's "Dreams" or Boney M's "Rasputin".

But often it's new or independent artists, who no longer need the backing of record labels to find a massive audience.

"It's hard to overstate how much this is changing everything," said Tom Rosenthal, a London-based musician whose songs have been used on 1.6 million TikTok videos.

"Major labels are kinda crapping their pants because the traditional systems of marketing no longer apply. (TikTok) is a great leveller. You can do it on your own," he said.

Some artists are becoming huge without even knowing about the app.

That was the case with Nigerian popstar CKay. His 2019 single "Love Nwantiti" was a decent-sized hit in his home country, but then TikTok users got hold of it, and by November 2021 it had surpassed 15 billion streams and topped charts from Asia to Europe to North America.

- 'On to something' -

TikTok is already thinking about next steps.

Its latest service, SoundOn, offers unsigned artists a simpler way to upload songs, get paid and find distribution.

Obermann hints this could see TikTok become more like a record label.

"We think we're on to something," he said, highlighting recent viral hits by unsigned acts Muni Lang and Games We Play.

"It's early days in deciding exactly how we work with these artists on building their careers. But we see we can play a much bigger role in the artist discovery process in a very hands-on way."

- Pent-up demand -

Obermann also hopes to revolutionise the way that songs are used for adverts -- a part of the business that is currently worth around $500 million globally per year but could be worth much more.

"Traditionally, it meant something like a big car brand licencing Celine Dion's 'I Drove All Night' for their TV ads," he said.

"But we have about one million small and medium businesses who want to make TikTok ads using music. And it's an absolute nightmare because our licences don't include commercial usage."

Currently, each commercial use requires TikTok to get special permission from the label and all the songwriters, which can take months.

"It's extremely inefficient. If we can redesign the way that works, (the global licencing business) would go from $500 million to several billion within a few years. There's that much pent-up demand. We're really working on that."

Other ideas include live-streaming concerts and direct sales, with some artists already flogging vinyls and merch through the platform.

But will TikTok disappear as quickly as it arrived? The ghost of MySpace, a previous revolutionary force in music, haunts its successors.

"That's something we think about every day when we wake up," said Obermann.

"We're confident TikTok has tipped into the cultural zeitgeist to a tremendous extent at this point. But it's always day one and you have to keep reinventing yourself to stay relevant."

B.Martinez--TFWP