India, May 21 -- Spotify has teamed up with Universal Music Group to let users make AI-generated covers and remixes from songs by artists involved in the program.
This partnership is a big move for the music industry, representing one of the largest commercial agreements on AI licensing to date.
The new feature will be available as a paid add-on for Spotify Premium users, and it will include a revenue-sharing model for artists and songwriters whose music is incorporated into these AI creations. However, Spotify hasn't revealed any pricing information or when it plans to launch this feature.
Alex Norstrom, Co-Chief Executive Officer, mentioned that the focus is on building tools that respect "consent, credit, and compensation." He stresse...