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Record Labels in Talks to License Music to AI Firms Udio, Suno

Major music companies are in talks to license their work to artificial intelligence startups Udio and Suno, deals that would establish a framework for how AI companies compensate recording artists for their work, according to people familiar with the discussions.Universal Music Group, Warner Music Group and Sony Music Entertainment are pushing to collect license fees for their work and also receive a small amount of equity in Suno and Udio, two leaders among a crop of companies that use generat...

Read more at bloomberg.com

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