YouTube In Talks With Top Record Labels To License Songs For AI Music Tools Even As RIAA Sues Suno And Udio: Report
Portfolio Pulse from Benzinga Neuro
YouTube, a subsidiary of Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), is negotiating with top record labels to license songs for AI music tools. The platform aims to secure the music industry's support by offering upfront payments to legally train AI song generators. This initiative comes as the RIAA sues AI music generators Suno and Udio for using unlicensed works.
June 27, 2024 | 9:01 am
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YouTube, a subsidiary of Alphabet Inc. (GOOG), is negotiating with top record labels to license songs for AI music tools, offering upfront payments to secure the music industry's support.
The negotiations with top record labels to license songs for AI music tools could position YouTube as a leader in AI music generation, potentially boosting Alphabet Inc.'s stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
YouTube, a subsidiary of Alphabet Inc. (GOOGL), is negotiating with top record labels to license songs for AI music tools, offering upfront payments to secure the music industry's support.
The negotiations with top record labels to license songs for AI music tools could position YouTube as a leader in AI music generation, potentially boosting Alphabet Inc.'s stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100