UMG Licenses Catalog to Lomotif, Newest App to Take On TikTok

As the short-form video space heats up, Universal Music Group (UMG) just became the first major music company to globally license its catalog to Lomotif, a TikTok rival app founded in Singapore. Through a new deal between the two companies announced today (July 26), Lomotif's claimed 31 million monthly active...