Exploration Audio Newsletter - May 28, 2021

TikTok Radio is now coming to SiriusXM this summer as a full-time music channel, available in vehicles and as a streaming channel on the SiriusXM app, desktop, and all connected devices. Subsidiary Pandora will also be launching a TikTok Tastemakers series - a selection of exclusively hosted playlists featuring TikTok creators who will take listeners through their favorite songs with additional commentary.

Germany’s parliament recently passed EU copyright reforms on May 20, sparking a controversy that the move could potentially make it harder for music rights holders to agree to future license deals with sites like TikTok and Triller. The decision was made as part of the European Union’s Copyright Directive. The European Parliament approved the Directive in 2019, with the 27 member states of the European Union given two years to adopt its terms into national law.

Universal Music Group (UMG) announced this week that it will no longer be accepting letters of directions (LODs) for the sale of royalty streams, according to Billboard. UMG will now only pay artists and their creative collaborators, and any investors buying the rights to a percentage of that income will need to come to their own arrangements with creators to receive the royalties. The policy does not apply to publishing deals.

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