ByteDance to curb AI video app after Disney legal threat
Videos featuring Spider-Man and other characters which are Disney’s intellectual property have gone viral since Seedance’s update.
Tag: ByteDance
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ByteDance clinches US TikTok deal
Image: Reuters TikTok’s Chinese owner, ByteDance, has finalised a deal to establish a majority American-owned joint venture that will secure US data, to avoid a US ban on the short video app used by over 200 million Americans. The deal is a milestone for the social media firm after years of battles that began in…
ByteDance relinquishes control of local TikTok to US investors
In a final act to a long-running geopolitical drama, TikTok has officially closed a deal to divest its U.S. operations. The agreement, finalized just hours before the Trump Administration’s ban deadline, sees parent company ByteDance shift to a minority position, retaining only a 20% stake in the new entity. The remaining 80% ownership is now…