UMG ends contract with TikTok
Major hip hop acts like Drake, Nicki Minaj, Ice Spice and Bad Bunny will not have their music on TikTok as Universal Music Group terminates its contract with the social media app in effect from Wednesday (January 31).
In a statement released by UMG on Tuesday, the mega-company accuses TikTok of unfairly pocketing more money from their material than they should while paying less to the other party.
UMG also claims TikTok has failed to provide online security to their artists. The Chinese company hit back at UMG with their own statement arguing the label is being driven by corporate greed and are spreading a “false narrative.”