Sensor Tower has provided Rolling Stone with new data regarding both TikTok and Spotify’s popularity to date - although its numbers for Spotify only go as far back as January 1st, 2014. TikTok is (probably) already more popular than Spotify - especially in vital emerging markets like India Here are some key reasons why Spotify may soon be talking about TikTok, and Bytedance’s music app, in rather less jolly terms.ġ. Spotify CFO Barry McCarthy remarked that the yet-to-launch Bytedance app has “some really clever social features” while speaking at the RBC Capital Markets Conference in New York on November 22nd. It will apparently differentiate itself from Spotify, Apple Music, et al., with a focus on “encouraging sharing and virality,” including the use of short video clips.Īt least one senior Spotify exec has already seen the service, or at least some screenshots of it, and was impressed. According to the FT, this TikTok sister product will arrive as soon as December 2019 in three key emerging markets - India, Brazil, and Indonesia - with a U.S. Meanwhile, the Financial Times revealed more details last week about Bytedance’s upcoming on-demand audio streaming service – a.k.a its direct new rival to Spotify (which we reported on in this column last month). Considering that, according to estimates, there are only 3.3 billion active smartphone users globally today, this is an impressive milestone - doubly so when you consider that TikTok only took off in 2017, following parent Bytedance’s $800 million acquisition of lip-sync app Musical.ly. Last week, we learned from mobile activity monitor Sensor Tower that TikTok has now been downloaded more than 1.5 billion times across the world. Plus, more pertinently, it demonstrates that what you’re about to read should be consumed with the following caveat: not every sensation on TikTok today is about music, despite the fact that most top TikTok influencers - whether via lip-sync or dancing - use music as a vital component of their appeal. What’s it doing here, in a business-focused column about TikTok’s threat to Spotify’s dominance in music? Well, for one thing, I thought it might put you in a cheery mood.
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