AssetID: 52904695
Headline: TikTok reaches new licensing agreement with Warner Music
Caption: Reuters reports that Warner Music Group has reached a new licensing agreement with TikTok meant to boost the company's social media revenues. The deal is aimed at helping Warner Music's artists to tap into new revenue and marketing opportunities provided by TikTok's over 1 billion users. On July 19, the two companies announced the new deal, while declining to share the financial terms of the agreement. Reuters reports that social media has propelled many new artists to stardom when their music was featured on viral content.
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