TikTok parent ByteDance acquires UK’s AI music startup Jukedeck
Category: #business  By Anchal Solanki  Date: 2019-07-24
  • share
  • Twitter
  • Facebook
  • LinkedIn
TikTok parent ByteDance acquires UK’s AI music startup Jukedeck

The acquisition would allow TikTok to use more royalty-free tracks, further saving it from expensive licensing problems.

TikTok's parent firm, ByteDance has acquired a UK-based startup Jukedeck that makes AI-produced music dubbed as Jukebox. For the record, Jukebox is an AI suite that creates custom music for consumers, further allowing them to alter their soundtrack to modify length, beat and peak of a song.

Reportedly, the news hasn’t been affirmed by either of the parties, however, a few Jukedeck employees, including its CEO, have changed their LinkedIn profiles, posting ByteDance as their present employer.

Moreover, Jukedeck's official website is currently offline, displaying a message citing ‘Jukedeck can’t tell users more just yet, but it is looking forward to fueling creativity using musical AI’. Nevertheless, according to the sources who previously broke the story, the deal is mostly confirmed.

For TikTok, securing this deal would help them evade licensing related problems. For instance, tunes like "Sweet but Psycho" or "Old Town Road" right now drive the platform, but permitting deals for these tracks would take away a huge amount of margin from TikTok.

Moreover, acquiring a startup that is fixed on AI music creation would permit TikTok to utilize more royalty-free tracks, subsequently keeping them away from costly licensing problems.

For a platform like TikTok, that depends on selective sound clips that work flawlessly with user created video, the extra options offered by Jukedeck could open up new opportunities for composers as well. Rather than choosing and cutting an existing sound clip, composers could now make their own track using AI to sort things that earlier required musical talent.

For the uninitiated, TikTok is a social media video app created by ByteDance which is used for creating and sharing short comedy, lip-sync and talent videos. The company aims to showcase people’s knowledge, creativity and moments. Furthermore, in 2018, TikTok was one of the most downloaded apps in the world.

Source Credit: https://thenextweb.com/insider/2019/07/24/tiktoks-parent-company-appears-to-have-acquired-ai-music-startup-jukedeck/

https://www.tiktok.com/en/about

https://en.wikipedia.org/wiki/TikTok

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Anchal Solanki

Anchal Solanki    

A civil engineer by qualification, Anchal Solanki forayed into the domain of content writing in the midst of her graduation, embarking on the career path of a successful freelancer. Equipped with a short-term experience in market research, Anchal currently writes news...

Read More >>

More News By Anchal Solanki

TalkTalk sells broadband business to CityFibre for £200 million
TalkTalk sells broadband business to CityFibre for £200 million
By Anchal Solanki

TalkTalk is set to trim its debt with the sale of the FibreNation division for £200 million. Acquisition of FibreNation by CityFibre incorporates a wholesale commitment which would need TalkTalk to provide its customers broadband services which...

Clairvest leads its sixth minor growth equity financing in DTG Recycle
Clairvest leads its sixth minor growth equity financing in DTG Recycle
By Anchal Solanki

The deal is done to support the company’s expansion in the Pacific Northwest. This will be Clairvest’s sixth investment in the waste management industry. Clairvest Group Inc., an equity management company, recently announced that it...

Qatar to develop a 800MW solar power plant with Total & Marubeni
Qatar to develop a 800MW solar power plant with Total & Marubeni
By Anchal Solanki

Like most of its oil-rich neighbors, Qatar seems to be pushing towards solar power to meet its local energy needs. The nation, being one of the leading exporter of LNG (liquefied natural gas) across the globe, has reportedly inked an agreement with J...