Spotify's forthcoming generative AI models will allow fans to remix their favorite songs as a paid add-on for premium users.
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Spotify and Universal Music Group (UMG) announced a licensing deal for recorded music and publishing rights, enabling Spotify to launch generative AI music models in the future. With this deal, Spotify’s models will allow fans to create covers and remixes of their favorite songs from participating artists and songwriters signed to UMG.
The new deal was announced on Thursday (May 21) as part of Spotify’s Investor Day presentation, and the company touts that it will open up additional revenue streams on top of what artists already earn on Spotify and will provide new discovery opportunities for participating UMG talent. These AI products will eventually become available to premium users as a paid add-on. It is unclear when they are set to launch.
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