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Spotify and TikTok's Music Royalties
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Spotify's revenue of $9 billion in 2023 contrasts with TikTok's $400 million in music royalties, emphasizing Spotify's substantial impact on the music industry. TikTok's promotional opportunities for musicians are highlighted, while UMG's decision to remove its catalog from TikTok complicates the situation.
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How does Spotify's significant contribution to the music industry affect its position in the market?
How might UMG's decision to remove its catalog from TikTok impact the music streaming landscape?
What strategies could TikTok employ to bridge the gap between its music royalties and Spotify's?
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