Industry Sep 14, 2026

ElevenLabs and UMG strike global AI music deal

ElevenLabs will launch an AI-powered music platform for fans under the deal, with the two companies also jointly developing AI audio products for artists and songwriters Source

Originally published by Music Business Worldwide
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ElevenLabs and UMG strike global AI music deal

ElevenLabs has entered into a global agreement with Universal Music Group (UMG) that values the AI company at $11 billion. This deal involves the launch of a new AI-powered music platform for fans. Originally reported by Music Business Worldwide.