Spotify and Universal sign licensing deal for AI covers and remixes
Premium subscribers will be able to generate AI versions of songs by participating UMG artists. The financial terms were not disclosed.
Spotify and Universal Music Group have signed licensing agreements that will let premium subscribers generate AI covers and remixes of songs by participating UMG artists, the two companies said on Thursday.
It is the first time the streaming service has formally licensed generative AI on top of its catalogue, and the most concrete answer the major-label system has given so far to the question of how AI-made music should be paid for.
The product, which the companies described as launching as a paid add-on for Premium users, has no public release date. UMG and Spotify said the model is built around “consent, credit, and compensation,” with artists and songwriters opting in and receiving a share of revenue from the AI-generated versions of their work.
Which UMG artists have signed...
Copyright of this story solely belongs to thenextweb.com. To see the full text click HERE
