6/20/2023 0 Comments Jason derulo music. ly1 on Apple’s App Store in 19 different countries. In May, musical.ly raised $100 million in an investment round, valuing the company at $500 million, and the company claims it has hit No. It’s a significant move for Warner, particularly as musical.ly has exploded to more than 90 million users globally, up from 10 million just last year for context, Instagram just announced it had passed 500 million monthly active users in five years, while Snapchat, which doesn’t release monthly metrics, is rumored to have north of 200 million monthly users since its fall 2011 launch. Requests for comment from Sony Music were not returned by press time. ![]() Sources say Sony Music is also in talks, and quickly approaching, a deal. ![]() ![]() Warner Music Group is the first to sign a deal with the app to allow its music to be licensed for the platform, the company has confirmed to Billboard. ![]() Social video sharing app musical.ly, which allows users to create and upload 15-second videos of them dancing and singing along to songs, has been steadily gaining traction with teens since its launch less than two years ago - and now it’s attracting the attention of the major labels.
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