Universal Music Group and ElevenLabs Sign Multi-Year AI Music Licensing Deal
Universal Music Group and ElevenLabs announced a multi-year licensing deal to launch an AI-powered music creation platform. ElevenLabs will debut studio-grade Music API capabilities letting fans make remixes, mashups and new interpretations of tracks by participating artists. The collaboration also covers new products and fan experiences, with an emphasis on responsible innovation and fair compensation for artists and songwriters.