Universal Music is launching an AI music platform with ElevenLabs

Universal Music Group (UMG) is launching a new AI-powered music platform developed through a multi-year licensing agreement with AI company ElevenLabs. This platform will allow users to draw from UMG's licensed music catalog to create song remixes, mashups, and new takes on existing tracks. A key feature is that artists can choose whether or not to participate. This partnership is part of UMG's broader strategy in the AI music space, as it already has similar deals with companies like Udio, Spotify, and Nvidia. The platform will be separate from ElevenLabs' existing Music API and ElevenMusic generator. The collaboration aims to create new fan experiences while ensuring artists and songwriters are fairly compensated.

(Source：The Verge)