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Major record labels are reportedly in licensing talks with AI firms Udio and Suno
Universal Music Group, Warner Music Group and Sony Music Entertainment are in talks to license their work to AI startups Udio and Suno.
The record labels are pushing to receive a small amount of equity in Suno and Udio. Udio and Suno allow aspiring music artists to receive an audio recording via prompts that describe sounds or songs, such as “a modern country ballad about unrequited love.” The music companies are pushing to get more control of the use of their work, while the AI startups want flexibility to experiment, the report notes.
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