Universal Music Group and Spotify have announced a partnership to develop an AI tool allowing fans to create covers and remixes of songs from participating artists.
The paid add-on service for Spotify Premium subscribers will let users generate variations on tracks by artists who opt in. Revenue from the tool will be shared with those artists and songwriters, according to the companies. A launch date has not been set yet.
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Spotify announced a partnership with Universal Music Group to offer AI-powered remixing and cover song tools as a paid add-on for Premium subscribers. The streaming service also introduced a reserved ticketing feature for dedicated fans in partnership with Live Nation.
Spotify and Universal Music Group have signed a licensing agreement that will let Premium subscribers create AI covers and remixes of UMG tracks. The deal was announced on May 21 during Spotify’s Investor Day. It marks a shift after Spotify’s earlier efforts to limit AI-generated content on the platform.
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The American Federation of Musicians has filed a lawsuit against Universal Music Group and Warner Music Group, alleging breaches of their collective bargaining agreement related to artificial intelligence licensing deals.
Spotify has introduced a new tool called Spotify 20: Your Party of the Year(s) that lets users review their entire listening history on the platform.
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Universal Music Group announced the board-approved sale of half its equity stake in Spotify, with a portion of proceeds going to artists. The move fulfills a 2018 pledge and ties back to Taylor Swift's contract negotiations. Lucian Grainge revealed the decision during the company's first-quarter earnings call on April 29.