An Improved Music Experience May Be Coming To Snapchat


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


Snap Inc. (NYSE:SNAP) is in talks with major record labels to expand the ways users can include music in posts on its Snapchat app, according to The Wall Street Journal

Snap shares were trading up by 4.23 percent at $11.59 at the time of publication Friday. 

Snapchat faces stiff competition on the music front from a number of social media apps such as Facebook Inc. (NASDAQ:FB)'s Instagram and ByteDance Ltd.'s TikTok improving offerings.

Snap has secured case-by-case licenses to use individual artists' music on its platform and it is now seeking broad rights to the catalogs of Vivendi SA's Universal Music Group, Sony Corp.'s Sony Music Entertainment and Access Industries Inc.'s Warner Music Group, WSJ said. 

The licenses wouldn't let Snap create an on-demand music service like Spotify Technology SA (NYSE:SPOT) or Apple Inc. (NASDAQ:AAPL)'s Apple Music

These deals are not yet in place.

Related Links: 

Make A Platform Push With This New ETF

Troubling User Growth, Rising Costs: Analysts Dissect Snap's Mixed Q1 Earnings


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: MediaWall Street Journal