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šļø TikTok's Mic Drop
READ TIME 2.2 minsā”
Hello, Marketers.
This is your mid-week edition of The Keyword, including:
TikTokās Social Music Streaming plan
Todayās Marketing headlines from Meta, Netflix & Shopify
Letās jump in šŖ

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FEATURE
TikTok gets into āSocialā Music Streaming

TikTokās got some big ambitions.
On Monday we reported that TikTok Music launched in Brazil and Indonesia. Now you can add Australia, Mexico & Singapore to that list.
Plus, TikTok just announced a multi-year deal with Warner Music Group. That gives TikTok & TikTok Music the license to the catalog of the music giant.
Hereās what else we know so far about TikTok Music
TikTok Music is a standalone app, separate from TikTok
Like Spotify & Apple Music, TikTok Music comes with a paid monthly subscription
TikTok Music wants to separate itself as the āsocialā music streaming service. Enabling users to connect, comment and collaborate on playlists.
Plus according to Tech Crunch, it will have features like:
Personalized music recommendations
The ability to play full versions of viral TikTok songs
Shazam-style music identification
Access to song lyrics
Offline listening
Why it matters
TikTok will have taken notes on how Threads hit the ground running by integrating a new product into an existing platform. But with competitors like Apple & Spotify, it wonāt be easy.
TikTok Musicās social features could be what differentiates it and gives them a shot. With Music & eCommerce, TikTokās plans are clearly well beyond short-form video.

MORE HEADLINES
Netflix has removed its 'Basic' subscription tier in the UK and US, replacing it with 'Standard with Ads'. The change is a win-win for Netflix which will either boost its advertising solution for brands with more reach. Or increase subscribers at the ad-free tier priced a $15.99 or Ā£10.99. (Cordbusters āļø)
Shopify is launching an AI assistant for merchants. CEO, Tobi Lutke, described how the āSidekickā product can analyze sales performance, manage the store and create images (Twitter āļø)
Meta has released LLaMA 2, its own version of GPT and Bard. Metaās updated AI model is open-source and āfree for research and commercial use.ā Threads could provide a large dataset of text that LLaMA 2 could use for training. (Meta āļø)
Facebook puts more emphasis on video again with a redesign. The āWatchā tab has been switched to āVideoā, which will now unify all its video experiences (Reels, Live & long-form) in one place. (Meta āļø)
Norway has temporarily banned Meta from running behavioral advertising on Facebook and Instagram ā unless it obtains usersā consent to the processing. If Meta does not comply, it will face fines of up to $100,000 daily. (Tech Crunch āļø)

š Enjoy the rest of the week

Kole