TikTok owner ByteDance launches new messaging app, FlipChat

22 Mai, 2019, 11:19 | Auteur: Christine Menetries

Well, now the app's parent company, ByteDance, wants to dominate another field: streaming music.

The report notes that the company has already secured rights from two of India's biggest music labels - T-series and Times Music - and is in talks with other global record companies.

ByteDance was founded by software engineer Zhang Yiming in 2012 and is valued at around $75 billion. But TikTok is the crown jewel of the ByteDance portfolio; it recently hit its fifth straight quarter as the most downloaded app in the App Store, according to a new Sensor Tower report.

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ByteDance launched a new messaging-focused app on Monday, as reported by TechCrunch. It's also not going to simply be a clone of Spotify or Apple Music, and will come with a catalog of both music and video. Spotify, which launched earlier this year, claimed to have notched up one million unique listeners within a week.

As Bloomberg reports, ByteDance is developing a paid music streaming service that is aimed at taking on industry leaders Apple and Spotify in emerging markets. In addition to music, members of ByteDance's streaming music service will reportedly also be able to stream music videos.

"Indians love music. The mobile internet revolution has led to a rapid rise in the number of connected Indians, making music streaming the preferred way to enjoy music here".

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