 Technology |
Technology |
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Why Taylor Swift and Drake songs are off TikTok |
TikTok has removed songs from popular artists including Taylor Swift and Drake after the end of a licensing agreement between the platform and Universal Media Group. |
© AP Photo/George Walker IV |
Universal's deal with TikTok expired Wednesday and was not renewed due to apparent disagreements over artificial intelligence (AI) and compensation for artists. Songs from artists affiliated with Universal will no be longer available in the TikTok library and will be removed from previously posted videos. Universal said in an open letter Tuesday it was unable to reach a new deal with TikTok after the platform refused to take steps to protect artists from AI and provide them "appropriate compensations." Universal said TikTok proposed paying the group's artists and songwriters "at a rate that is a fraction of the rate that similarly situated major social platforms pay." "Today, as an indication of how little TikTok compensates artists and songwriters, despite its massive and growing user base, rapidly rising advertising revenue and increasing reliance on music-based content, TikTok accounts for only about 1% of our total revenue," the group said in the letter. In a statement, TikTok pushed back on Universal's claims and said it has been able to reach "artist-first" agreements with "every other label and publisher." "It is sad and disappointing that Universal Music Group has put their own greed above the interests of their artists and songwriters," TikTok said. Read more in a full report at TheHill.com. |
Welcome to The Hill's Technology newsletter, we're Rebecca Klar and Julia Shapero — tracking the latest moves from Capitol Hill to Silicon Valley. |
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How policy will be impacting the tech sector now and in the future: |
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Senate Judiciary Committee Chair Dick Durbin (D-Ill.) on Thursday compared Meta CEO Mark Zuckerberg to the nation's largest tobacco companies’ executives, who testified before Congress in 1994 that they did not believe tobacco was addictive. In an interview on "CNN This Morning," Durbin said Zuckerberg made an "outrageous statement" during the Wednesday hearing when he suggested there was no causal link between social … |
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Sen. Josh Hawley (R-Mo.) sent a letter urging Meta CEO Mark Zuckerberg to bankroll a compensation fund for victims harmed by the company's social media platforms. "I urge you to immediately create a fund endowed by your own personal wealth for the purpose of compensating those who have been victimized by your platforms," Hawley wrote. "These families can never be made whole — but they can get some measure of justice and accountability … |
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Former Democratic presidential candidate Andrew Yang warned that not enough is being done to prepare for artificial intelligence (AI), particularly for its impact on the labor market, which he said could cause massive job losses. While speaking to Fox News Digital this week, Yang emphasized that there are going to be "dramatic changes" that will come with AI and that the institutions around the country are not prepared for … |
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News we've flagged from the intersection of tech and other topics: |
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Meta stock jumps after earnings report |
Meta shares jumped more than 10 percent after the company shared its fourth-quarters earnings report Thursday, after showing a 25 percent increase in revenue from the year before to $40.1 billion, CNBC reported. |
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| Amazon launches AI shopping assistant |
Amazon is rolling out an AI-powered shopping assistant to help customers find and compare products and to provide them with recommendations, TechCrunch reported. |
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Branch out with other reads on The Hill: |
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Apple ends yearlong sales slump with slight revenue rise in holiday-season period but stock slips |
SAN FRANCISCO (AP) — Apple snapped out of a yearlong sales funk during its holiday-season quarter, propelled by solid demand for the latest model of its iPhone and still-robust growth in a services division facing legal threats that could undermine its future prospects. The modest revenue growth … |
SANFORD, Fla. (AP) — A California teenager accused of swatting a Florida mosque has been arrested and transported across the country to face felony charges. Alan Winston Filion, 17, was arrested Jan. 18 by the Los Angeles County Sheriff's Department on a warrant from Seminole County, Florida, according … |
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Two key stories on The Hill right now: |
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Former Trump White House lawyer Ty Cobb said Wednesday that former President Trump's attorney, Alina Habba, is a "loser" after last week's outcome … Read more |
| Candidates for federal office have submitted their campaign finance reports to the Federal Election Commission (FEC), giving a clearer picture of their … Read more |
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Opinions related to tech submitted to The Hill: |
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You're all caught up. See you tomorrow! |
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