New AI Platform to Enable Fan Co-Creation Universal Music Group (UMG) and ElevenLabs have announced a multi-year licensing agreement and strategic collaboration to develop a new AI-powered music creation platform for fans, while also exploring AI audio products for artists and songwriters. The partnership marks ElevenLabs' first collaboration with a major music label and combines UMG's music rights and artist ecosystem with ElevenLabs' AI audio technology. The companies said the agreement is designed around responsible AI innovation, respect for human artistry and ensuring that artists and songwriters can participate in the value generated by AI-enabled music experiences. The collaboration will begin with the development of a new AI-powered music creation platform built around licensed music and participating artists and songwriters. The platform is expected to give fans new ways to interact and co-create with music, including through remixes and mashups, new interpretations of tracks and personalised vocal experiences. The companies…

