ByteDance is looking to launch its music streaming as soon as next month, initially in emerging markets such as India, Indonesia and Brazil, before a future opening in the United States, the FT reported https://on.ft.com/37brU3U, citing people familiar with the matter.
In addition to on-demand music, ByteDance's app will include a library of short video clips for listeners to search through and synch to songs as they listen, the report added.ByteDance has not given a name to its music app yet and pricing remains unclear, although it is expected to cost less than the US$10 a month charged by Spotify Technology SA, Apple Inc and others in the United States, according to the report.
Source: Entertainment Trends (entertainmenttrends.net)
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