Music and

Snap, Universal Music Group Ink Deal to Expand Music and Augmented Reality

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thewrap.com

Snapchat’s Sounds feature was introduced in October, which lets people make videos using music. So far it has amassed 521 million videos created, with 31 billion views overall.

Snap has 280 million daily active users and 500 million monthly active users. And people create an average of more than five billion snaps every day, according to the company.This year, Snap’s stock price surged to an all-time high in February, after projecting 50% annual revenue growth.

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