The talks with AI startups concern how the labels—and their artists—would get paid for music’s use in generative AI models.

Universal Music Group’s stock plunged 24% on Thursday, erasing more than $16 billion in market value after it revealed its revenue growth from subscription and streaming services fell below ...

Sony Music, Warner Music, and Universal Music Group reportedly have begun talks with AI startups that allow users to compose ...

Universal Music, Warner Music and Sony Music are also reportedly seeking license fees plus “a small amount” of equity stakes ...

Last week, The New York Times announced a new AI licensing deal with Amazon. Now, the same strategy may be coming for the ...

In June 2024, Universal Music Group chairman/CEO Lucian Grainge announced the creation of the UMG Global Impact Team to “enact and amplify the company’s vision for positive change through ...

Universal Music Group's Q4 earnings surpassed expectations, but growth remains below company's targets, with volatile profitability. The gap between UMG and Spotify's growth narrowed in Q4 ...

Warner Music Group, Universal Music Group, and Sony Music Group are reportedly in talks with artificial intelligence startups ...

Major music companies are in talks to license their work to artificial intelligence startups Udio and Suno, deals that would ...