Switch Eyes Multi-Billion-Dollar Funding Round at $50 Billion Valuation Ahead of Potential IPO 
Adobe Beats Q2 2026 Estimates, Raises Full-Year Outlook as AI Revenue Surges Despite Stock Drop 
Coupang Hit With Record $409 Million Fine Over Data Breach Affecting 33 Million Users 
OpenAI Files Confidential IPO Draft as AI Giants Race Toward Public Markets 
Astera Labs and Rocket Lab Surge After Nasdaq-100 Inclusion Announcement 
SK Hynix Stock Rebounds as AI Memory Chip Demand Fuels Expansion Plans 
Hyundai, Nvidia, and South Korea Near Deal for Major AI Technology Center 
Hanmi Semicon Shares Surge After $33 Million SpaceX Investment 
Trump Administration Defends Anthropic AI Restrictions in Ongoing Federal Lawsuit 
Apollo and Blackstone Complete $35 Billion Anthropic AI Infrastructure Financing Deal 
Apple Unveils Enhanced Apple Intelligence and Next-Generation Siri at WWDC 2026 
J.P. Morgan Sees Major Upside for Prysmian as Optical Fiber Prices Surge 
Qualcomm Stock Gains After Jensen Huang Endorsement 
Meta Challenges Australia’s Proposed Tech Tax, Citing U.S. Trade Agreement Concerns 
Oracle Stock Falls Despite Earnings Beat as Company Plans $40 Billion Financing for FY2027 
OpenAI Eyes Massive 10GW Ohio Data Center Campus in Potential $500 Billion AI Infrastructure Deal 
Frasers Group Launches €2 Billion Hugo Boss Takeover Offer Amid Control Speculation 
A trademark registration filed by ByteDance recently came to light, suggesting that the TikTok developer could be working on a music streaming app. And with the popularity of the TikTok brand, the yet-to-be-announced app is already deemed a potential rival to Spotify.
The trademark filing, recently spotted by Business Insider, was submitted last May 9 to the U.S. Patent and Trademark Office. ByteDance’s application is for the label “TikTok Music,” and other details reveal it could be used for a mobile app.
ByteDance cited several potential applications for the TikTok Music trademark, including an app for smartphones and tablets that will “[allow] users to purchase, play, share, [and] download music.” The company also has its sights on offering podcast content on the potential streaming app, which has been an area that Spotify has focused on in recent years.
The trademark filing for TikTok Music also mentions the option “to live stream audio” with the app. ByteDance also hints at a possible “karaoke function.” Spotify is expected to roll out a Karaoke Mode that lets users sing along to their favorite songs and will even score their performance.
The Chinese tech company cited the possibility of offering “advertising and advertisement services” through the TikTok Music brand. It also appears that ByteDance plans on placing social networking features in the rumored music streaming app.
A TikTok-branded streaming app could generate plenty of interest, especially among the existing TikTok users worldwide. The social media app has been known to help songs -- old and new -- gain immense popularity once they trend on the platform.
Kate Bush’s “Running Up That Hill” became a popular song choice among TikTokers in recent months after it was used in the latest season of “Stranger Things.” As of this writing, the song has been used on more than 2.7 million TikTok videos and its streams on Spotify reportedly increased by 9,000 percent. A somewhat similar phenomenon happened with Fleetwood Mac’s “Dreams” in 2020, thanks to an extremely viral TikTok by Nathan Apodaca.
While TikTok is mostly about short-form videos, ByteDance has acknowledged the importance of music for the platform. In December 2021, TikTok reported more than 175 songs that trended on the app had also entered the Billboard Hot 100 chart that year. With TikTok’s proven ability to get people to stream old and new songs, and even put them on the charts, it makes sense for ByteDance to want to introduce its own music streaming app.
Photo by Solen Feyissa on Unsplash
