Universal Music and ElevenLabs Partner to Launch Licensed AI Music Platform

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Universal Music Group (UMG) announced on Thursday a multi-year licensing deal with AI audio company ElevenLabs to build a new AI-powered music platform. The platform will let users create remixes, mashups, and reimagined versions of tracks drawn from UMG's licensed catalog. Artists will have the option to opt in or out of participating in the platform. This marks another major AI partnership for UMG, which is also developing a separate AI music platform with Udio and has existing licensing agreements with Spotify and Nvidia.

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