WBD - TikTok's Licensing Predicament: Expiring Music Publishers Deal Amplifies Universal Music Group Dispute | Benzinga
TikTok is facing mounting pressure as it removes recordings co-written by Universal Music Group NV (OTC: UMGNF) songwriters and approaches the end of its licensing deal with the National Music Publishers Association (NMPA) on April 30.
"We do not anticipate that there will be an option to renew or extend the current NMPA licenses or participate in a new license with TikTok through NMPA," the association said in a letter to its members.
In the letter, ...