The talks with AI startups concern how the labels—and their artists—would get paid for music’s use in generative AI models.

Sony Music, Warner Music, and Universal Music Group reportedly have begun talks with AI startups that allow users to compose ...

Universal Music Group’s stock plunged 24% on Thursday, erasing more than $16 billion in market value after it revealed its revenue growth from subscription and streaming services fell below ...

Drake is slamming his own music distributor, Universal Music Group, over his springtime beef with rap rival Kendrick Lamar. The Canadian rapper filed a federal lawsuit in the Southern District of ...

Universal Music Group's Q4 earnings surpassed expectations, but growth remains below company's targets, with volatile profitability. The gap between UMG and Spotify's growth narrowed in Q4 ...

In June 2024, Universal Music Group chairman/CEO Lucian Grainge announced the creation of the UMG Global Impact Team to “enact and amplify the company’s vision for positive change through ...

Universal Music, Warner Music and Sony Music are also reportedly seeking license fees plus “a small amount” of equity stakes ...

Warner Music Group, Universal Music Group, and Sony Music Group are reportedly in talks with artificial intelligence startups ...

Major music companies are in talks to license their work to artificial intelligence startups Udio and Suno, deals that would ...