Music streaming platform Spotify announced a licensing deal with Universal Music Group last week which would allow subscribers to create AI-generated covers and remixes of songs from participating artists, who would then be compensated. The tool would be a paid extra to "create an additional source of income for artists and songwriters."
Now, Spotify co-chief executive Alex Norström has spoken to The Financial Times about the move, pitching these efforts as a better alternative to the AI slop currently oozing all over the internet. "There's a lot of rogue attempts at this," said Norström, describing his wish to make Spotify the "one that's legal" and "the one that's controlled."
Norström said that Spotify and Universal music had "several discussions" in order to negotiate the agreement, and described it as a "win-win situation" for all involved.
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