Universal Music Group (UMG) announced Wednesday that it has settled a copyright lawsuit with AI music startup Udio, paving the way for a new collaboration in music creation.

The two companies plan to launch a generative AI platform next year, which will use licensed and authorized music from Universal's artists to power its system.

According to Yahoo , UMG Chairman Sir Lucian Grainge emphasized the importance of protecting artists and songwriters while embracing new technology.

"These new agreements with Udio demonstrate our commitment to do what's right by our artists and songwriters," Grainge said.

"Working with Udio, we can foster a healthy commercial AI ecosystem in which artists, songwriters, music companies and technology companies can all flourish and create incredible exp

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