RE: Clarification please23 Sep 2020 11:58
From RNs :
7digital will provide Triller with access to its global catalogue of more than 80 million tracks by licensing its API for music sampling and full-length audio streaming. This will enable US-based Triller to engage audiences around the world with both global and regional content. In addition, 7digital will provide Triller with back-end support for tracking usage and reporting to labels including Sony, Universal Music Group, Merlin and Warner Music Group.
The new agreement is for an initial minimum term of 18 months and commences immediately. The Company will receive both a monthly licensing fee and usage-based payments to capture Triller's future growth.