Universal Music Group, Warner Music Group, and Sony Music Entertainment are exploring licensing options with AI startups Udio and Suno. These discussions aim to create a framework for compensating artists while navigating copyright infringement lawsuits filed last year. The record labels are seeking equity stakes in the startups, which allow users to generate music based on prompts. Both parties are working toward mutual agreement, indicating a desire for collaboration and flexibility in a rapidly evolving music technology landscape.
Universal Music Group, Warner Music Group, and Sony Music Entertainment are negotiating licensing deals with AI firms Udio and Suno, aiming to compensate artists fairly.
The discussions involve the record labels potentially obtaining equity stakes in the AI startups alongside a licensing agreement, which could resolve ongoing copyright lawsuits.
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