Tag: suno

Spotify signed a licensing deal with Universal Music Group that lets Premium subscribers create AI-generated remixes and covers using UMG’s catalog through a paid add-on tier. The agreement gives artists revenue shares while positioning Spotify as a licensed AI music…

AI music startup Klay is now the first to ink licensing deals with UMG, Sony, and Warner, signaling a shift as major labels embrace monetizing AI-generated music. Klay’s subscription platform lets users remix licensed songs, with labels pushing for micropayment…

Suno, the leading AI music generation platform, has raised $250 million in funding, valuing the company at $2.45 billion. Backed by Menlo Ventures, NVentures, and others, the funding signals strong investor confidence despite Suno's ongoing legal battles with major record…