Spotify and Universal Music Group (UMG) have signed a new licensing agreement that will allow fans to reimagine songs using AI, UNN reports, citing NME.
Details
Announced on Thursday, May 21, at Spotify's investor presentation, this "landmark" deal is designed to introduce a new paid tool for Spotify Premium users, allowing them to create covers and remixes of licensed UMG tracks from artists using AI.
The statement also clarifies that the feature will "unlock additional revenue streams and new ways to drive discovery," describing the new tool as an "additional source of income for artists and songwriters beyond what they already earn on Spotify."
It is unclear when it will be launched.
Spotify Co-CEO Alex Norström explained that the new feature is "built on consent, attribution, and compensation" for participating artists and songwriters.
Spotify integrates fitness content and launches a new workout section27.04.26, 20:49