ElevenLabs Launches AI Music Service Promising Commercial-Ready, Royalty-Free Tracks
TL;DR
Kobalt has signed a groundbreaking licensing deal with ElevenLabs' AI music platform, Eleven Music, establishing a 50/50 revenue split between publishing and recorded music, with a Most Favored Nation clause to ensure equal terms for future negotiations. This deal aims to create fairer licensing terms for generative AI music, potentially reshaping industry standards and negotiations.
- Exclusive: Kobalt’s AI deal with Suno rival ElevenLabs guarantees publishing ‘parity’ with recorded music Music Business Worldwide
- Exclusive | Voice Startup ElevenLabs Launches AI Music Service The Wall Street Journal
- ElevenLabs launches an AI music generator, which it claims is cleared for commercial use TechCrunch
- ElevenLabs launches its own royalty-free AI music service Engadget
- Can AI Manage Your Investment Portfolio Effectively? indiaherald.com
Want the full story? Read the original reporting
Read on Music Business Worldwide