AI song generator startups Suno and Udio angered the music industry. Now they're hoping to join it [BNN Bloomberg (Canada)]
Sony Group Corporation American Depositary Shares (SONY)
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Source: BNN Bloomberg
Now, after their users have flooded the internet with millions of AI-generated songs, some of which have found themselves on streaming services like Spotify, the leaders of Suno and New York-based Udio are trying to negotiate with record labels to secure a foothold in an industry that shunned them. “We have always thought that working together with the music industry instead of against the music industry is the only way that this works,” said Shulman, who co-founded Suno in 2022. “Music is so culturally important that it doesn't make sense to have an AI world and a non-AI world of music.” Sony Music, Universal Music and Warner Records sued the two startups for copyright infringement in 2024, alleging that they were exploiting the recorded works of their artists. Since then, the pair have strived to make peace with the industry. Suno, now valued at US$2.45 billion, last year struck a settlement with Warner, and Udio has signed licensing agreements with Warner, Universal and inde
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