Universal Music Launches AI Music Platform with ElevenLabs

**Universal Music Launches AI Music Platform with ElevenLabs** Universal Music Group (UMG) announced on Thursday the launch of a new AI-powered platform designed to allow users to draw from its extensive catalog of licensed music. The platform will enable the creation of song remixes, mashups, and new takes on existing tracks. This initiative is being developed through a multiyear licensing agreement with ElevenLabs, a company specializing in AI voice and music generation. ElevenLabs will collaborate with UMG on the development of this innovative platform. Artists will have the option to choose whether to participate in the upcoming UMG and ElevenLabs platform. This venture marks yet another significant AI deal for the record label, underscoring its commitment to integrating advanced technologies into the music industry. UMG is also currently developing another AI music platform with Udio and has previously struck AI licensing deals with major players such as Spotify, Nvidia, and Kla, reflecting its comprehensive strategy to explore the potential of AI across various facets of music production and distribution.