Warner Music Group Corp

Warner Music to cut 600 jobs, or 10% of staff

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The Warner Music Group logo is displayed on a smartphone. Sopa Images | Lightrocket | Getty Images Warner Music is laying off 600 employees, or about 10% of its workforce, according to a Wednesday filing. The company said the layoffs are part of a broader restructuring plan aimed at saving costs to invest in more … Read more

Universal Music Group, Taylor Swift’s label, to pull music from TikTok

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Allen J. Schaben | Los Angeles Times | Getty Images Universal Music Group said on Wednesday that it will cease licensing its music to TikTok and accused the short-form video giant of bullying and intimidation in its contract negotiations. A music licensing agreement between UMG and TikTok, which is owned by Chinese tech giant ByteDance, … Read more