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Big 3 record labels consider licensing music to AI startups while suing said AI startups
Last week, The New York Times announced a new AI licensing deal with Amazon. Now, the same strategy may be coming for the music industry. Bloomberg reports that Universal Music Group, Warner Music Group, and Sony Music Entertainment are currently in talks to license their copyrighted material to AI startups Udio and Suno.
The singer announced plans to re-record all her songs in 2019 following a dispute with retired talent manager Scooter Braun.
The rap group accused Universal Music Group of ignoring federal copyright law by not giving up the original copies of its ...
Hedge-fund billionaire Bill Ackman is resigning from Universal Music Group’s board of directors, taking a step back from the ...
Under his leadership, Grainge has dramatically improved the financial performance of Universal Music by significantly increasing the company’s revenues and profitability. In 2011, he led UMG’s ...
Universal Music Group-owned Latin artist services agency Global Talent Services (GTS) has acquired prominent Latin music ...
Today (March 15), Iggy Azalea slammed Universal Music in a series of posts online (viewable here) claiming the company currently owes her millions in royalty back pay. Over on X (formerly ...
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Universal Music Shares Jump as Subscriptions Boost SalesIt’s Universal’s third quarter beating estimates on subscription growth. Solid growth at the world’s largest music company shows consumer spending on both digital and live music is resilient ...
Universal Music Group has announced that it has leased new space for its New York offices at Penn 2, the recently completed office tower along Seventh Avenue next to Madison Square Garden. The ...
Universal Music Group’s revenue from subscriptions ... The world’s largest music company logged revenue of 2.90 billion euros ($3.31 billion) for the three months to the end of March, up ...
Universal Music Group Nashville is now called Music ... by way of an enhanced alliance with his digital marketing company, The Trenches. According to a release, the existing UMG Nashville ...
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