TikTok parent could launch its own rival to Spotify and the like

Currently there is a wide range of online services to listen to your favorite musical themes and discover other interesting bands, but this segment may falter if TikTok Music, the new rival in which ByteDance, TikTok’s parent company, materializedbecoming a powerful rival to options established for years such as Apple Music, Spotify and company, taking into account the enormous popularity that TikTok has in international markets, to the point of influencing several music charts.

In this sense, Business Insider has learned that ByteDance filed a trademark application for TikTok Music in the United States in May.for what could be its own Internet music streaming service, which could be used for “a variety of goods and services, including a mobile application that would allow users to buy, play, share, download music, songs, albums and letters”.

I would not become one more in the sector

this option It could also come with live audio and video streaming capabilities, and users could even “edit and upload photos as playlist cover art” and “comment on music, songs, and albums.”according to the aforementioned medium.

It is what comes to be its own rival to Spotify and company in case it materializes, something of which there are quite a few possibilitiesaccording to the trademark attorney Josh Gerben of Gerben Law Firm to the aforementioned publication:

Typically, a company the size of TikTok or ByteDance will only file trademark applications for items they are seriously considering.

It further adds that:

If you look back through the trademark filings of any major company, you’ll see some that they filed that never came to fruition. But many times they do. And a lot of times it’s something they’re seriously working on.

Without a doubt, the arrival of TikTok Music could change the segment of music streaming platforms on the Internet as there is more competition, but above all, with the possibility that ByteDance takes advantage of the popularity of TikTok to accelerate the growth of its new platform to the detriment of the options that we all already know.

In this case, as in many others, it only remains to wait.