The talks with AI startups concern how the labels—and their artists—would get paid for music’s use in generative AI models.

Meet the new boss… same as the old boss? As the industry prepares for the AI takeover, insiders question who’s next in line ...

The details of a new Bloomberg report into major labels trying to reach an agreement with controversial AI companies has ...

Sony Music, Warner Music, and Universal Music Group reportedly have begun talks with AI startups that allow users to compose ...

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 ...

Last week, The New York Times announced a new AI licensing deal with Amazon. Now, the same strategy may be coming for the ...

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 ...

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 ...

Drake is slamming his own music distributor, Universal Music Group, over his springtime beef with rap rival Kendrick Lamar. The Canadian rapper filed a federal lawsuit in the Southern District of ...

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 ...