UMG-Udio Deal FAQ
The AI agreement between UMG and Udio has raised several questions. This FAQ addresses topics such as artist payments, Udio user downloads, and outstanding lawsuits.
Universal Music Group (UMG) and AI music company Udio announced a strategic agreement on October 29. The agreement settled UMG's involvement in a copyright infringement litigation against Udio and another AI music company, Suno.
The deal also paved the way for the two companies to collaborate on a new commercial music creation, consumption, and streaming experience, according to the announcement.
“collaborate on an innovative, new commercial music creation, consumption and streaming experience”
Author's summary: UMG and Udio's AI deal raises questions about the music industry's future.
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