Warner Music Group (WMG) announced on Tuesday that it has reached a deal with Suno, settling its copyright lawsuit against the AI music startup. WMG said in a press release that the deal with Suno will "open new frontiers in music creation, interaction, and discovery, while both compensating and protecting artists, songwriters, and the wider creative community." WMG also announced that it has sold Songkick, a live music and concert-discovery platform, to Suno for an undisclosed amount.
"Klay uses its interactive tool Large Music Model, which is trained solely on licensed music, to "reimagine listening." The company states that Klay "is not a prompt-based meme generation engine," but rather a "new subscription product that will uplift great artists and celebrate their craft." Klay prides itself on working with the music industry to enhance human creativity instead of trying to replace it. The company hopes to include independent labels, artists, publishers, and songwriters next."
But the masters rights for her first six albums - which means the actual recorded versions of her songs and music videos - belonged to her first label, Big Machine Records, as is standard in the music industry. This year, Swift finally struck a deal and reclaimed the master recordings from Shamrock Capitol, the private equity firm that acquired them in 2020.
"Since Spotify came along, I have always felt skeptical and opposed to their platform. Because it became the norm, I felt like I had to just put up with it and take what I could get. Perhaps that was true more so in the nascent stages of my solo career, but it doesn't feel that way now."