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Report: UMG and WMG could sign ‘landmark’ AI deals within weeks
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Music Ally
Two of the three major labels are nearing the finish line to sign a number of high-profile licensing deals with AI companies, according to a report in the Financial Times this morning.
And yes, those companies include Suno and Udio, the two GenAI music startups being sued by the majors for copyright infringement.
Will that carry through into the majors’ deals?
Whether musicians have the right to refuse to participate in licensing deals signed by their rightsholders with AI companies will be a matter for the contractual lawyers.
In short, figuring out deals that the labels and AI companies can agree on was a huge task, and news of progress is encouraging.