Universal Music Group and Spotify Partner on AI Tool for Fan-Made Covers and Remixes
By
Brian Hiattt
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Summary
Universal Music Group and Spotify have announced a deal to create an AI-powered tool that allows fans to generate covers and remixes of songs from participating artists. This reflects a broader strategy by major record labels to embrace and monetize AI-generated music rather than fight it, by offering controlled versions of the technology to generate additional royalties from their catalogs.
Key quotes
· 3 pulledlaunch a new tool allowing fans to create covers and remixes of their favorite songs from participating artists and songwriters
It's becoming increasingly clear that major labels are dealing with AI-generated music's rise by embracing and monetizing it
letting fans use carefully controlled versions of the technology to create variations on songs the labels control
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