The dispute between TikTok and ICE has been withdrawn from the Copyright Tribunal, Music Week reports.
International expert Sami Valkonen recognised the wider international potential of the ICE copyright database at tech summit.
Online licensing and royalty processing organisation ICE has paid out more than €1bn (£907m) to music creators and publishers since its inception in 2016.
Collecting societies, publishers and rights companies across Europe have come together to agree best practice guidelines for the collection and distribution of digital music royalties.
Social app TikTok will face digital music copyright organisation ICE at the UK Copyright Tribunal over its failure to secure a licence.
Irish collecting society IMRO has appointed ICE to oversee its online licensing and administration activities.
Independent publisher Concord Music has entered an agreement with ICE to oversee its online licensing and administration needs.
Audio streaming platform Mixcloud has signed a licensing deal with ICE, the joint venture launched by PRS for Music and its German and Swedish collecting society counterparts.
The Performing Right Society (PRS) has announced record royalties for its members in 2017, continuing a strong upward trajectory for the organisation over several years.
Global independent music publisher Peermusic has entered into a direct licensing and administration agreement with online copyright company ICE.