Universal Music Group (UMG) and ElevenLabs have entered into a multi-year licensing agreement to launch a new AI-powered platform. This platform will enable users to create remixes, mashups, and new interpretations of songs by drawing from UMG's catalog of licensed music.
The software, which does not yet have a name or release date, is currently under development. It is primarily aimed at music fans interested in creative music manipulation.
Artists signed to UMG will have the option to participate in the upcoming platform. Those who choose to participate will be fairly compensated for the use of their music within the AI creation software.
The collaboration also includes plans for the development of additional AI audio products and fan experiences in the future, which can be utilized by artists.
This agreement represents ElevenLabs' first deal with a major record label. The new platform will be distinct from ElevenLabs' existing ElevenMusic AI music generation software, focusing on licensed content from UMG artists.
ElevenLabs specializes in AI voice and music generation technology, which will be integrated into the new platform.
This partnership with ElevenLabs is part of UMG's broader strategy in the AI music space. UMG is also developing an AI music platform with Udio and has established AI licensing deals with other companies including Spotify, Nvidia, and Klay.
The record label continues to explore various applications of AI in music creation and distribution, following recent developments in the industry such as Suno's AI music model trained on licensed songs from other major labels.
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Universal Music Group (UMG) and ElevenLabs announced a multi-year licensing agreement to develop an AI-powered music creation platform. This platform will allow fans to create remixes and mashups using licensed music from participating UMG artists, marking ElevenLabs' first deal with a major record label.
Universal Music Group (UMG) is launching a new AI-powered platform in partnership with ElevenLabs, allowing users to create remixes and mashups from UMG's licensed music catalog. This initiative enables artists to participate in AI-driven music creation and marks another AI deal for UMG, following similar agreements with Udio, Spotify, Nvidia, and Klay.