Spotify, AI and Universal Music
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Spotify just gave fans the power to AI-remix music’s biggest names — but will independent artists pay the price?
In a move that signals a seismic shift in how music is created and consumed, Spotify has joined forces with Universal Music Group to let premium subscribers generate AI-powered covers […] The post Spotify Just Gave Fans The Power To AI-Remix Music’s Biggest Names — But Will Independent Artists Pay The Price?
Spotify and Universal Music Group strike a deal letting Premium users create AI covers and remixes, while Spotify targets mid-teens revenue CAGR through 2030.
Spotify and Universal Music Group (UMG) are set to launch a new responsible AI-powered tool that will allow Spotify Premium users to create licensed covers and remixes of songs from participating artists and songwriters.