GoKawiilAn anonymous reader quotes a report from Billboard: Spotify and Universal Music Group (UMG) announced a licensing deal for recorded music and publishing rights, enabling Spotify to launch generative AI music models in the future. With this deal, Spotify's models will allow fans to create covers and remixes of their favorite songs from participating artists and songwriters signed to UMG. The new deal was announced on Thursday (May 21) as part of Spotify's Investor Day presentation, and the company touts that it will open up additional revenue streams on top of what artists already earn on Spotify and will provide new discovery opportunities for participating UMG talent. These AI products will eventually become available to premium users as a paid add-on. It is unclear when they are set to launch. "We recognize there's a wide range of views on use of generative music tools within the artistic community," the announcement read. "Therefore, artists and rightsholders will choose if and how to participate to ensure the use of AI tools aligns with the values of the people behind the music." Spotify also announced a feature called "Reserved" that will set aside concert tickets for Premium subscribers it identifies as an artist's most dedicated fans. "Getting concert tickets today can feel like a race you're set up to lose," Spotify wrote in a post on Thursday. "You show up at the right time, refresh endlessly, and still miss out. Too often, the experience is stressful, unpredictable, and disconnected from what should matter most: whether real fans actually get tickets. We think there's a better way."
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