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Spotify Unveils AI Product for Artist-Approved Music Covers and Remixes

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Spotify has announced during its second-quarter earnings call about the impending release of a new AI-powered product that will facilitate music fans in creating covers and remixes with the consent of the original artists.

  • Spotify emphasized its collaboration with Merlin, bringing more than 30,000 independent labels to this new initiative, alongside Universal Music Group (UMG).
  • The focus of this product, as per Co-CEOs Gustav Söderström and Alex Norström, is on real artists consenting to the inclusion of their music for creation, with appropriate credit and compensation.
  • This AI tool is intended to be released initially as a research preview for a limited set of users, but no exact release date was provided.
  • Spotify aims to offer this as a paid service, providing artists a new revenue avenue.
  • Recent data noted that AI has significantly influenced music streaming, with AI-generated uploads comprising more than 50% of daily track uploads on platforms like Deezer.
  • Spotify's effort distinguishes itself by ensuring artists' rights are central, marking a first legal approach towards AI in the music industry.