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 has filed a defamation and harassment lawsuit against Universal Music Group, alleging that the mega media corporation improperly promoted his rival Kendrick Lamar’s diss track to damage ...

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 ...

Warner Music Group (WMG) shares fell on word the big music distributor was one of three firms negotiating with artificial ...

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

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 ...

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