Companies like Spotify and TikTok want to capitalize on that as they see the opportunity.”Ī backstage shot of a musical concert with two DJ's on the stage. We want to be a part of that change to help artists make more money, as well as bring them to places that want to see them but often don’t get the opportunity, or have to go to great lengths to see them somewhere else. There is a massive disconnect between fans and artists because of not knowing the details of things like popularity in marketplaces, subsequent availability of musicians and the overall streamlining of the process. Reddy continued on the state of the industry, “There is a desperate need and demand for music events in countries all over the world. TikTok music has had a trademark filed for it in May also, which may reportedly see the social media platform aim to compete in its own way with Apple AAPL Music, Tidal, and Spotify. TikTok recently announced a partnership with Ticketmaster that will let users buy tickets to see certain musicians, and even the WWE, within the app. Spotify is not the only entity making a move into the ticket business.
(Photo by Rich Fury/Getty Images for Coachella) Getty Images for Coachella Coachella Valley Music And Arts Festival on Apin Indio, California. INDIO, CA - APRIL 13: A$AP Ferg (R) performs with Murda Beatz (C) at Sahara Tent during the 2019.
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