Pins matching company:"Universal Music Group"

Universal Music Group's first half of 2026 brought revenue of EUR 6.19 billion, up 5.3% (10.8% at constant currency) with the Downtown Music consolidation and Streaming 2.0 price rises, while adjusted EBITDA slipped 1.9% to EUR 1.31 billion.

Universal Music Group and ElevenLabs agreed a multi-year licensing deal - ElevenLabs' first with a major label - to launch a licensed AI platform on which fans can remix, mash up and reinterpret tracks from participating artists, and to build AI tools for artists and songwriters.

Universal Music Group and Capitol Records sued the distributor DistroKid in Delaware federal court, accusing it of flooding Spotify, Apple Music and YouTube with AI-generated tracks and unlicensed copies of their recordings while posing as an artist-first service.

Universal Music Group and Sony Music filed a second copyright suit against AI music generator Suno in Boston federal court, alleging its licensed-music v6 model was trained on users' interactions with earlier models built on their recordings, 'laundering' the infringement.