Universal Music Group and ElevenLabs are getting into business. The label has struck an expansive licensing agreement with the AI audio startup that will see ElevenLabs launch an AI-powered music platform built on UMG’s catalog of artists. The platform will allow fans to remix and mashup artist tracks along with creating “new track interpretations” and “personalized vocal
Patents are often the bedrock of new innovation, and a suite of patents defining how AI-generated music can be created, licensed and monetized has hit the market — with multiple AI companies lined up to license them. Music IP Holdings, a company formed last year out of a strategic partnership with Universal Music Group and the
Watch out, Suno. Spotify on Thursday announced it has partnered with Universal Music Group (UMG) to allow fans to use generative AI technology to create covers and remixes of their favorite songs. The tool will launch as a paid add-on available only to Spotify’s Premium subscribers and will offer a revenue share with participating artists
