AI-music startup Udio is forging ahead with the deals required to launch its new model later this year. UMG, WMG and Merlin are already on board, and now they have been joined by Kobalt.
Naturally, terms of the deal have not been made public, although the announcement did reiterate some of Udio’s plans for the next-generation version of its service, which it is aiming to launch later in the year.
“A suite of creative experiences that enable users to make remixes, covers, and new songs using the voices of artists and compositions of songwriters who choose to participate, while ensuring artists and songwriters are credited and paid,” is the pitch.
Udio also repeated its promise to launch “expanded protections and other measures designed to safeguard the rights of artists and songwriters” ahead of the launch.
The deal follows Kobalt’s agreement with another AI-music firm, ElevenLabs, last August. That deal included a clause stipulating “parity” between publishers and recordings owners for the royalty payouts. No such clause has been mentioned with the Udio agreement however.
Kobalt CEO Laurent Hubert talked about AI during his keynote at our Music Ally Connect conference in January.
“I think AI is an opportunity. I think it will grow the pie, as opposed to shift the pie. I think it will increase consumption, and from that perspective, we are generally quite positive,” he said then.
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‘ Some details of this article were extracted from the following source musically.com ’
