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Speaker 1: This is the Fitting and Whipper with Kate Richie podcast.

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Speaker 2: Jesus. There's a couple of heavyweights gum war. The war

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Speaker 2: is massive on this one. So the largest music company

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Speaker 2: in the world has gone to war with the larger

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Speaker 2: social media platform. Universal is going up against TikTok. So

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Speaker 2: they're going to pull from today Kate feb First, they're

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Speaker 2: going to pull their entire music catalog. Now. Universal have

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Speaker 2: Taylor Swift, Coldplay, Bob Dylan, Kendrick Lamar, Billie Eilish. So

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Speaker 2: there was a there's an agreement with TikTok, right that

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Speaker 2: they get a certain amount of money every time every

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Speaker 2: time someone does a silly dance on TikTok to a

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Speaker 2: Taylor Swift song, Taylor Swift gets a minute amount of that, okay,

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Speaker 2: And it's and it's so tiny that Universal have said

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Speaker 2: you need to up your price here. And you know Universal,

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Speaker 2: they're a struggling company. So last year their total revenue

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Speaker 2: was just under eleven billion dollars, just.

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Speaker 3: Trying to put a meal on the table.

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Speaker 4: This is Universal. So Universal did that last year.

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Speaker 2: This is Universal, which more of that, which more than

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Speaker 2: half of that sorry, five point six billion dollars That

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Speaker 2: came from digital stream streaming and subscription fees. But the

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Speaker 2: thing is though they hardly get any from TikTok. So

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Speaker 2: it was in their report, their financial report from last

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Speaker 2: year that less than one percent of their total revenue

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Speaker 2: comes from TikTok.

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Speaker 4: Yet, like we are.

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Speaker 2: Talking millions and millions of followers who put up these

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Speaker 2: you know, these tiktoks of Taylor Swift and doing a dance.

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Speaker 2: So there's so many people that use their music, Universal's music,

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Speaker 2: and they don't get they don't hardly ever get paid.

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Speaker 4: Well, is it because TikTok is just a little startup company,

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Speaker 4: you know, give them.

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Speaker 3: A break to a couple of key points, I reckon

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Speaker 3: fits one. How do you control it? So that's your

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Speaker 3: first issue because you can add music obviously second to that,

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Speaker 3: I don't think they should ignore how beneficial TikTok is

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Speaker 3: also for music, and but that doesn't.

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Speaker 2: Mean that you get to use it for free or

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Speaker 2: for bugger or money.

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Speaker 3: He's a great example. We had old Lolbo Thang Bloke

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Speaker 3: on the other day, Paul Russell, right, and Paul his

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Speaker 3: song took off on TikTok. He made a remix of

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Speaker 3: something that was a bit of fun.

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Speaker 4: Right, he's a nobody.

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Speaker 2: He's an absolute nobody.

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Speaker 3: Is now He then said, oh my god, this song's

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Speaker 3: taken off the record label came to him and said

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Speaker 3: you need to make a full version of that song.

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Speaker 3: So he's as an artist that's now launched him and

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Speaker 3: his music has existed and started on TikTok.

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Speaker 4: Are you saying we should be thankful to TikTok No?

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Speaker 3: I just think it needs to be recognized and they

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Speaker 3: would have discussed this at the Universal as well. So

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Speaker 3: great example. Amy Shark comes in and performs her song

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Speaker 3: that she's just released. I knew about that song and

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Speaker 3: I was familiar with that song because TikTok.

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Speaker 4: What are you talking about?

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Speaker 2: Where she played it for us yesterday. We have to

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Speaker 2: pay royalties to artists if you want to do. Radio

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Speaker 2: is a huge platform for artists now. If they get

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Speaker 2: played on Nova, more people listen and more people go

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Speaker 2: to their shows. We have to pay a royalty, yes, but.

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Speaker 3: Where a corporation not an individual?

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Speaker 2: Well, what a TikTok?

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Speaker 1: No?

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Speaker 3: The TikTok is supported by individuals.

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Speaker 4: What are you talking about? It's a massive corporation.

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Speaker 3: I'm choosing if I do a dance right, the same

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Speaker 3: as Instagram. If I do a dance or whatever it

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Speaker 3: might be, and.

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Speaker 4: I add music to please don't do that.

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Speaker 3: I might do a dance in my underpants and I've

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Speaker 3: chosen to put that music behind it. Well, I'm not

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Speaker 3: Nova with broadcasting towers playing that music.

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Speaker 4: Can ask you about that using the work of another This.

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Speaker 2: Is the thing, and you're not monetizing that video. It's

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Speaker 2: just you doing a dance. You know who is monetizing

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Speaker 2: it is TikTok. They are making so much money by

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Speaker 2: other people's efforts.

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Speaker 3: I think a royalty should be paid, but I don't

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Speaker 3: think it should be limited to the artists a little

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Speaker 3: bit like we play pay royalties here at Nova. Or

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Speaker 3: if you walk into a shopping center and you hear

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Speaker 3: music playing throughout a shopping center, they play per speaker

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Speaker 3: in that shopping center. So royalty is always always paid

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Speaker 3: to probably the love more than the artist.

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Speaker 2: Or Universal are just saying they need to pay more royalties,

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Speaker 2: that we pay a premium price here at Nova, and

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Speaker 2: TikTok a getting away with it. This is you know what?

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Speaker 2: Last night, this is massive. I was reading this story Kate,

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Speaker 2: and I thought, what do I do about this? How

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Speaker 2: do I how do I portray this over the radio?

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Speaker 2: And Kate I decided to do a TikTok video. Oh

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Speaker 2: my god, dam Between between between the fight between Universal

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Speaker 2: Universal and TikTok, I thought I'll do a dance. And

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Speaker 2: when there's a huge fight like this, I mean, what's

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Speaker 2: the one when you think about fighting and boxing? What's

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Speaker 2: the one song that you think?

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Speaker 1: I have?

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Speaker 2: The Tiger, the Tiger.

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Speaker 4: Oh, it was a kung fu fighting shake it off.

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Speaker 2: So this is my TikTok video that I did.

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Speaker 4: Like, No, you didn't.

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Speaker 1: Raising up jam back on the Okay drop roll. You

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Speaker 1: used our song to use our artists. Hike never paid us,

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Speaker 1: and we are just sick. We're a multi billion dollar

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Speaker 1: company and we're here to survive height off capitalism. It's

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Speaker 1: the three love our legal team raising up to the

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Speaker 1: challenge of a charine company who takes our data. Then

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Speaker 1: they pass it all on and will fight and we'll

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Speaker 1: look through the of the bribe.

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Speaker 4: Dance the bride thought you were chop another chorus.

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Speaker 2: It's up on the fifty with Richie TikTok account right now?

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Speaker 4: Can you send that to me so I can put

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Speaker 4: it online. That is that is amazing?

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Speaker 2: Can I just say that I got a few looks

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Speaker 2: from neighbors last night because obviously you guys are thinking

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Speaker 2: I did that in one take.

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Speaker 4: No, it took me a while, but King nailed it

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Speaker 4: in the end made I've just had a look.

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Speaker 3: You really nailed it. Fits his first TikTok go and

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Speaker 3: check it out.

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Speaker 1: Well done by this.

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Speaker 3: Fitzen Whipper with Kate Ritchie is a Nova podcast walk

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Speaker 3: great shows like this. Download the Nova player, fight the

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Speaker 3: app store or Google playing the