Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas Related Link: Instagram Trails Snapchat, TikTok In Popularity Among US Teens: Report Price Action: SNAP is trading 2.16% lower to $26.57 in Thursday's pre-market session at press time. Snapchat has already signed multi-year agreements with the publisher and music labels like Warner Music Group, NMPA, Merlin, Universal Music Publishing Group, Warner Chappell Music, Kobalt, and BMG Music Publishing. The TikTok app had these features already. It is still in the testing phase and could roll out globally in the next few months. Why Does It Matter: Snapchat is also exploring features that would allow users to add their own sounds to snaps. It will allow users to listen and download the full version of these songs by including links to music platforms like Spotify (owned by Spotify Technologies SA (NASDAQ: SPOT)), Apple Music, and SoundCloud.
The feature allows users to access information like album arts, titles, and artist details from Sounds-enabled snaps.
