Universal Music Group Launches AI Music Platform with ElevenLabs

Universal Music Group (UMG) announced on Thursday the upcoming launch of a new AI-powered platform. This platform will allow users to access UMG's extensive catalog of licensed music to generate song remixes, mashups, and entirely new versions of existing tracks.

The development is being carried out through a multiyear licensing agreement with ElevenLabs, a company specializing in AI voice and music generation technology. Artists associated with UMG will have the option to choose whether or not to participate in the platform. This initiative represents another significant AI-related deal for the record label.

UMG is also currently developing another AI music platform in partnership with Udio and has previously entered into AI licensing agreements with companies such as Spotify, Nvidia, and Kla. These collaborations highlight the increasing integration of AI within the music industry and signal a broader trend among major players to explore AI's creative and commercial potential.

The collaboration between UMG and ElevenLabs aims to unlock new creative avenues for musicians and fans alike, navigating the rapidly evolving landscape of AI technology. Further details regarding the platform's release schedule or specific functionalities have not yet been disclosed.