Bloomberg
Universal Music Group NV signed an agreement with artificial intelligence-powered music startup Udio to settle a copyright lawsuit and collaborate on a new commercial music creation and streaming service.
Udio will launch the new platform next year, powered by AI technology trained on licensed music from Universal’s artists. The subscription-based service will create a new user experience for fans to customize, stream and share music responsibly, according to a statement from Universal on Wednesday.
Universal’s artists, who include Taylor Swift, Billie Eilish and Elton John, will be compensated by the legal settlement and the new license agreements for recorded music …
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