UMG and ElevenLabs Launch AI Music Platform
Universal Music Group and ElevenLabs launch an AI-powered music platform.
"UMG and ElevenLabs just dropped an AI music platform. Get ready for licensed remixes and mashups. This is big for creators and the music biz."
Universal Music Group (UMG) and ElevenLabs have launched a new AI-powered music platform. This platform will allow users to utilize UMG's catalog of licensed music to create song remixes, mashups, and new takes on tracks. The announcement was made on Thursday, with the platform being developed through a multiyear licensing agreement between the two entities.
ElevenLabs, specializing in AI voice and music generation, is partnering with UMG, which has also been developing an AI music platform with Udio and has struck AI licensing deals with Spotify, Nvidia, and Klay. Artists will have the option to participate in this new platform. The partnership also includes the "development of additional products and fan experiences in the months and years to come."
This collaboration aims to enable artists and songwriters to create new experiences for fans while ensuring fair compensation. The new AI music platform will operate separately from ElevenLabs’ Music API and ElevenMusic generator.
This collaboration signals a significant step in the integration of AI into the music industry, offering new creative avenues for artists and potentially new revenue streams. For businesses, it highlights the growing trend of leveraging AI for content creation and intellectual property monetization.
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