Universal Music Group partners with AI startup Udio after copyright settlement
By
Robert Hart
Plain bagel done well. Pleasantly substantive.
Summary
Universal Music Group has reached a settlement and licensing agreement with AI startup Udio, ending copyright infringement litigation and establishing a partnership to launch an AI-powered music platform. The deal includes compensation and revenue opportunities for Universal's artists and songwriters. Udio, known for creating the viral track 'BBL Drizzy,' will launch the platform as a subscription service next year, marking one of several anticipated AI licensing deals in the music industry.
Key quotes
· 3 pulledUniversal Music Group says it has made 'industry-first strategic agreements' to 'settle copyright infringement litigation' with AI startup Udio and license music for a new AI-powered music platform.
The deal includes some form of compensation and 'will provide further revenue opportunities for UMG artists and songwriters,' Universal says.
Udio, the company behind 'BBL Drizzy,' will launch the platform as a subscription service next year.
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