Universal, Warner near AI licensing deals with Google, Spotify, start-ups: FT

Universal Music Group and Warner Music are within weeks of clinching landmark licensing agreements with artificial intelligence companies, the Financial Times reported on Thursday.

The talks, involving Alphabet’s Google, Spotify, and start-ups such as ElevenLabs, Stability AI, Suno, Udio and Klay Vision, could reshape how the industry manages music rights in the AI era, the report said.

Negotiations centre on licensing label catalogs for training large language models and creating AI-generated music. The labels are pressing for a compensation…