TikTok could be getting into the competitive music streaming industry.

TikTok could be getting into the competitive music streaming industry. Music streaming dominates young consumers’ listening time, and TikTok might launch a service “as soon as next month” in India before coming to the U.S. TikTok has already been influencing the music industry, changing the way new songs and musicians are discovered. Competition in the space is intense: Spotify’s stock recently took a dip after Amazon announced it will expanding its own free music service. (CNN, CNBC)