TikTok is helping a new class of music business executives break through and circumvent the notoriously exclusive path that the industry usually requires (Kristin Robinson/Billboard)

Kristin Robinson / Billboard:
TikTok is helping a new class of music business executives break through and circumvent the notoriously exclusive path that the industry usually requires  —  The pandemic spurred many young music business hopefuls to join TikTok, now they are some of the industry’s most sought-after talents.

Kristin Robinson / Billboard:
Triller removes music catalogs for UMG, WMG, Sony Music and Merlin after Sony filed a lawsuit claiming Triller failed to make payments worth “millions”  —  Following Sony’s lawsuit, one label source says “millions” in unpaid royalties are the issue.  Triller denies this, saying the app is “reassessing” label deals.

Kristin Majcher / The Block:
Brazil’s Chamber of Deputies has approved a longstanding crypto bill defining digital assets and their service providers; bill now requires president’s approval  —  – Brazil’s chamber of deputies finally approved a long-awaited crypto regulation bill.  — The bill could now go to Brazilian President Jair Bolsonaro for approval.

Bloomberg:
Sources: to evade US sanctions, Huawei is supporting PXW, a startup based in its hometown Shenzhen that ordered chipmaking equipment for a semiconductor plant  —  When the US government blacklisted Huawei Technologies Co. as a national security threat, it cut the Chinese company off …

Mark Gurman / Bloomberg:
Sources: Apple plans to allow third-party app stores and other changes on iOS and iPadOS in the EU, spurred by EU requirements coming in 2024  —  Apple Inc. is preparing to allow alternative app stores on its iPhones and iPads, part of a sweeping overhaul aimed at complying with strict European Union requirements coming in 2024.

Mark Gurman / Bloomberg:
Sources: Apple plans to allow third-party app stores and other changes on iOS and iPadOS in the EU, spurred by EU requirements coming in 2024  —  Apple Inc. is preparing to allow alternative app stores on its iPhones and iPads, part of a sweeping overhaul aimed at complying with strict European Union requirements coming in 2024.