Top artists have vanished from TikTok

Superstars Taylor Swift, The Weeknd, and Olivia Rodrigo's music has been removed from TikTok because their record label and TikTok can't agree on what to pay. Universal Music Group says TikTok is paying a fraction of the price of other social media sites. It's tricky though, because TikTok has been the source of many #1 hits recently as clips go viral, and that means streams on Spotify, downloads on iTunes, and concert tickets. 

UMG: "TikTok is trying to build a music-based business, without paying fair value for the music".

TikTok's position: "It is sad and disappointing that Universal Music Group has put their own greed above the interests of their artists and songwriters".



Mark Zuckerberg got slammed on the Hill, but praised on Wall St 

They announced their 2023 & Q4 results and stock prices shot up 12% in after-hours trading. Investors are loving the new margins, the dividend, and buybacks. Revenues increased by 16% but its profits increased by 69%. The “year of efficiency” has doubled their operating margins from 20% to 41%. For the very first time too, they'll pay a dividend and signaled that they'll pay it regularly. Meta now has 22% fewer staff compared to last year, and Wall St doesn't seem to care it cost $1b to make those changes. The losses on the Metaverse —building the Oculus headset and supporting platform— increased to $16b for 2023.



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Top artists have vanished from TikTok 
Superstars Taylor Swift, The Weeknd, and Olivia Rodrigo's music has been removed from TikTok because their record label and TikTok can't agree on what to pay. Universal Music Group says TikTok is paying a fraction of the price of other social media sites. It's tricky though, because TikTok has been the source of many #1 hits recently as clips go viral, and that means streams on Spotify, downloads on iTunes, and concert tickets.   
UMG: "TikTok is trying to build a music-based business, without paying fair value for the music". 
TikTok's position: "It is sad and disappointing that Universal Music Group has put their own greed above the interests of their artists and songwriters". 
 
Mark Zuckerberg got slammed on the Hill, but praised on Wall St 
They announced their 2023 &amp; Q4 results and stock prices shot up 12% in after-hours trading. Investors are loving the new margins, the dividend, and buybacks. Revenues increased by 16% but its profits increased by 69%. The “year of efficiency” has doubled their operating margins from 20% to 41%. For the very first time too, they'll pay a dividend and signaled that they'll pay it regularly. Meta now has 22% fewer staff compared to last year, and Wall St doesn't seem to care it cost $1b to make those changes. The losses on the Metaverse —building the Oculus headset and supporting platform— increased to $16b for 2023. 
 
LISTEN ABOVE

Jack Tame’s crisp perspective, style and enthusiasm makes for refreshing and entertaining Saturday morning radio on Newstalk ZB.

News, sport, books, music, gardens and celebrities – what better way to spend your Saturdays?

Jack Tame’s crisp perspective, style and enthusiasm makes for refreshing and entertaining Saturday morning radio on Newstalk ZB. News, sport, books, music, gardens and celebrities – what better way to spend your Saturdays?

Jack Tame’s crisp perspective, style and enthusiasm makes for refreshing and entertaining Saturday morning radio on Newstalk ZB.News, sport, books, music, gardens and celebrities – what better way to spend your Saturdays?