Official announcements from YouTube or Sony

YouTube ($GOOGL) in Talks with Major Record Labels for AI Music Licensing - Financial Times

Jun 26, 2024, 12:57 PM

YouTube is reportedly in negotiations with major record labels Sony, Warner, and Universal to license their songs for a new AI music generation tool. This tool is designed to mimic popular singers, allowing for the creation of music that closely resembles the work of well-known artists. The discussions come as the music industry grapples with the legal and creative implications of artificial intelligence in music production. The Financial Times reports that YouTube, under its parent company $GOOGL, aims to secure these licensing deals to advance its AI music tools, which could significantly impact the future landscape of music creation and distribution. The company is also offering upfront payments to the record labels as part of the deal.