![]() ![]() Record labels, artists and creators are all trying to figure out how to profit in the new TikTok-dominated world and to make sure they're not getting left behind. ![]() Even Fleetwood Mac's "Dreams" reentered the charts in 2020 after a clip of a man drinking cranberry juice on a skateboard exploded on the app. Artists can go from obscurity to global superstardom, thanks to a viral video that could be posted by a complete stranger. ![]() TikTok, owned by China's ByteDance, is turning the music business on its head by increasingly becoming a hit-making machine. She's also part of the TikTok Creator Fund, which pays popular contributors when their videos take off. "I would hear it everywhere."įar from her days in a hot Southern California kitchen, Lerma now has 6 million followers on TikTok and makes a living by promoting music on the app and using her influence to partner with brands. "When it started trending on TikTok and picking up on TikTok, I would hear it on the radio or, you know, hear it in stores," Lerma, who's now 20, said in an interview with CNBC. Her hit song has gone platinum, meaning it's sold the equivalent of 1 million copies, in eight countries, and has more than 2.1 billion streams across all platforms. Benee performed two sold-out arena shows in New Zealand in October 2020, and she was nominated for new artist of 2020 at the People's Choice Awards. 2, "Supalonely" has appeared in more than 5.7 million videos from thousands of TikTok users. ![]()
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