Spotify and Universal Music Group agreed on a licensing deal that enables subscribers to generate AI-driven song covers and remixes using participating artists’ music. The arrangement is expected to be offered as a paid add-on within Spotify’s app, with Premium users able to remix songs from participating artists and create licensed AI covers. Spotify positioned the tool as consent-based and designed to provide credit and compensation to artists and songwriters, adding an additional income stream beyond existing royalties. Financial terms and participating artists were not disclosed. Universal Music framed the initiative as artist-centric and rooted in responsible AI, aiming to support human artistry and create new revenue opportunities. Spotify also signaled broader expansion beyond traditional subscriptions through AI features.
"Spotify and Universal Music Group have agreed on a deal that will allow subscribers to generate song covers and remixes using artificial intelligence. The licensing agreement is the first time the Swedish streaming company will allow listeners to use AI to create content through its platform. It is expected to be in the form of a paid add-on available on Spotify's app. Premium users will be able to remix songs from participating artists and create AI-driven licensed covers."
"Spotify said the new tool could create an extra stream of income for artists and songwriters, in addition to what they already earn through royalties. The financial terms of the deal were unclear, and the companies did not reveal which artists would participate in the licensing deal. Universal Music is home to artists including Taylor Swift, Ariana Grande and Billie Eilish."
"“Solving hard problems for music is what Spotify does, and fan-made covers and remixes are next. What we're building is grounded in consent, credit and compensation for the artists and songwriters that take part,” said Spotify co-chief executive Alex Norstrom. Universal Music's chief executive, Lucian Grainge, said the deal seeks to support human artistry and create additional revenue opportunities for artists and songwriters."
"“Building on our long track record of leading the industry through technology changes, and collaborating with Alex, Gustav, Daniel and the team at Spotify, this initiative is firmly artist-centric, rooted in responsible AI, and will drive growth for the entire ecosystem,” he said. Spotify is looking for new ways to epand beyond the traditional music subscription and to adopt AI into its ecosystem."
Read at www.theguardian.com
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