As reported by the Financial Times , ByteDance , a Tik Tok company, is planning to launch an on-domain music streaming service , ready to challenge Spotify and Apple Music . The app would reportedly include a collection of short video clips, which can then be synced with various songs and shared with friends. ByteDance’s new app should have a subscription costing less than $ 10 . In addition, the Chinese company would be in talks with Sony , Universal and Warnerto insert their music catalogs into the streaming service.

However, although ByteDance has not put an emphasis on this, the service could arrive sooner than expected. It is thought that the launch could take place as early as this December in countries such as Brazil , India and Indonesia , and then debut later also in the United States .