Universal Music Group and ElevenLabs to Launch AI-Powered Music Platform in Expansive Licensing Deal

Universal Music Group and ElevenLabs have entered an expansive licensing agreement to launch an AI-powered music platform. Utilizing UMG's extensive artist catalog, the platform enables fans to create personalized vocal content, remix tracks, and develop new track interpretations. This strategic alliance follows the recent rollout of AI models by Suno in partnership with WMG, BMG, and Believe, signaling a growing trend of major music labels integrating AI technology into their creative ecosystems.