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Universal Music Group has settled its copyright lawsuit with AI music startup Udio and struck a licensing deal to launch a new AI-powered music platform next year. The Verge reports: The deal includes some form of compensation and “will provide further revenue opportunities for UMG artists and songwriters,” Universal says. Udio, the company behind “BBL Drizzy,” will launch the platform as a subscription service next year. Universal, alongside other industry giants Sony and…
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Universal Music Group has settled its copyright lawsuit with AI music startup Udio and struck a licensing deal to launch a new AI-powered music platform next year. The Verge reports: The deal includes some form of compensation and “will provide further revenue opportunities for UMG artists and songwriters,” Universal says. Udio, the company behind “BBL Drizzy,” will launch the platform as a subscription service next year. Universal, alongside other industry giants Sony and…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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