š¤ āBetter have RiRiās Money ā TikTokās Music Purge. Appleās headset debut. Wilsonās
Feb 2, 2024
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Taylor Swift, Rihanna, and Drake discuss the 'Great TikTok Purge' where their music is off TikTok due to a dispute with Universal. The podcast also covers Apple's $3,500 Vision Pro headset release and the challenges faced by Amr Sports, the sports company behind ArcTeryx, Wilson, and Salomon gear.
The dispute between Universal Music and TikTok over payment rates highlights the financial impact on both platforms and the importance of fair compensation for artists.
Apple's Vision Pro headset marks their entry into the augmented and virtual reality market, despite its flaws in the first version, with expectations for future versions to be improved in terms of weight, speed, and affordability.
Deep dives
The Great TikTok Music Purge: Pennies Matter
Universal Music banned TikTok from using their artists' songs due to a dispute over payment rates. TikTok offered one cent per thousand streams, while Universal wanted two cents per thousand streams. Until an agreement is reached, popular hit songs from artists like Rihanna, Taylor Swift, and Ariana Grande cannot be used on TikTok. The conflict highlights the importance of payment rates and the financial impact on both TikTok and record labels.
Apple's Vision Pro Headset: The First Version
Apple's highly anticipated Vision Pro headset is now available for purchase. It offers a new spatial computing experience, allowing users to multitask and access over 600 apps. However, the first version of the headset has some flaws, such as projecting a digital version of a user's face during FaceTime calls. Despite its limitations, the Vision Pro headset represents Apple's entry into the augmented and virtual reality market, with expectations for future versions to be lighter, faster, and more affordable.
Amr Sports IPO: Racing with Debt
Amr Sports, the company behind popular sports brands like Wilson, Salomon, and Arc'teryx, has gone public with a $6 billion valuation. However, the company faces significant debt challenges, with $2 billion in outstanding debt affecting their financial performance. Despite the strong portfolio of sports brands, Amr Sports will need to address its debt and interest obligations to achieve long-term profitability.
Taylor Swift, Rihanna, and Drake. All their music is off TikTok today because of a dispute with Universal ā So weāre going to explain the āGreat TikTok Purgeā with Rihannaās lyricsā¦ because this deal comes down to pennies.
Appleās biggest product launch since the iPhone happens today: The $3,500 Vision Pro headsets ā When it comes to new innovations, the first version is the worst version.
And Amer Sports is the first big IPO of the year: Itās the sports company behind ArcTeryx, Wilson, and Salomon gear ā But the business is running a race with weights on its ankles.