Universal Music (UMGNF), Warner Music, and Sony Music (SONY) are in talks to license their work to AI music services Udio and Suno, Bloomberg’s Lucas Shaw reports. The talks aim to settle lawsuits between the two sides, with music companies seeking license fees and equity in Udio and Suno, which use generative AI to help make music, people familiar with the discussions say.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UMGNF:
- Universal Music Stock Sinks as Bill Ackman Abruptly Quits Board
- Pershing Square’s Bill Ackman resigns from board of Universal Music Group
- ‘Don’t Let Big Tech Steal Our Work’ – 400 UK Artists Sound the Alarm Over AI Copyright Pinch
- Universal Music Group price target raised to EUR 26 from EUR 25 at Citi
- Universal Music Group’s Strong Start to 2025: Earnings Call Highlights