The record company is negotiating to license music to AI companies such as Udio.

Record labels are in talks to license music to AI companies such as Udio

According to people familiar with the matter, several major music companies are in talks to license their works to AI startups Udio and Suno. These deals will establish a framework for how AI companies compensate recording artists. Universal Music Group, Warner Music Group, and Sony Music Entertainment are pushing for licensing fees for their works and obtaining a small stake in Suno and Udio. These two companies are among the leading players among numerous companies that use generative AI to help create music. People familiar with the matter said any agreement would help resolve litigation between the two sides. The people familiar with the matter declined to be named as the negotiations could fall through. The major music companies sued Udio and Suno last year, accusing them of copyright infringement.

—— Bloomberg

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