Spotify And Universal Are Building An AI Tool For Covers And Remixes
This will be a paid add-on for Premium subscribers.
Spotify just announced a partnership with Universal Music Group (UMG) to create a tool that lets fans make covers and remixes. It'll be a paid add-on for Premium subscribers, with some of that money going to the original artists whose work is being repurposed. Spotify says that artists have to opt in to the program.
It's being marketed as a new way for artists and creators to make money, as the platform states the tool will "open up additional revenue streams and new ways to drive discovery." Spotify co-CEO Alex Norström says the platform will "evolve the music ecosystem into a richer, more beneficial experience for fans and a more rewarding outcome for artists and songwriters."
spotify just announced a deal with Universal Music for subscribers to (pay extra) to make AI generated covers and remixes of songs (if artists...
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