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0 -0.000642467073562466 -0.0041760359781562 -0.0199164792804369 -0.0128043687761003 -0.00449726951493738 -0.00385480244137491 0.00546097012528102
Stock impact report

Warner Music Group, Udio settle copyright case, plan new AI song creation platform [BNN Bloomberg (Canada)]

Warner Music Group Corp. - Class A (WMG) 
Company Research Source: BNN Bloomberg
The new subscription service, which will be powered by AI models trained on licensed and authorized songs, enables new revenue streams for the artistes and songwriters while protecting their work. Universal Music Group has also settled a similar copyright case with Udio last month. The deals come at a time when a surge in AI-generated tracks has triggered some platforms like Deezer to clearly mark AI-generated music due to ethical and copyright concerns. Udio's rival Suno, which raised US$250 million at $2.45 billion valuation, has also been caught in a copyright dispute with Warner Music Group, Universal Music Group and Sony Music Group. Both companies allow users to generate songs using AI-powered text prompts. The record labels had sued Udio and Suno last year, alleging the AI companies copied hundreds of songs from some of the world's most popular musicians to teach their systems to create music that will “directly compete with, cheapen, and ultimately drown out” human Show less Read more
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