Triller removes music catalogs for UMG, WMG, Sony Music and Merlin after Sony filed a lawsuit claiming Triller failed to make payments worth “millions” (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:
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.

Chris Willman / Variety:
Timbaland and Swizz Beatz settle a missed payments lawsuit with Triller after Triller acquired their music series Verzuz in March 2021; terms were not disclosed  —  Swizz Beatz and Timbaland have settled their lawsuit with Triller, after suing the service last month for $28 million …

Bloomberg:
Sources: UMG, Sony, and Warner have been negotiating with ByteDance for a share of TikTok ad revenue and increased royalties before their contracts expire  —  TikTok has attracted more than 1 billion users with videos set to music.  Now the world’s largest record labels want the social media app to pay more for those songs.

Andrew Hayward / Decrypt:
Some NFT marketplaces stop honoring NFT royalties, usually a ~5-10% fee set by the creator and paid by sellers on secondary market sales, rocking the community  —  Creators sound the alarm after the marketplace reveals its plans, which include blacklisting rivals and potentially optional royalties.

Eileen AJ Connelly / The Wrap:
Short-form video app Triller raised $310M from Global Emerging Markets ahead of its IPO, but does not need to draw the full sum; Triller claims 350M+ downloads  —  TikTok rival Triller said Thursday it will receive an investment of up to $310 million from Global Emerging Markets …