US EditionUMG Partners With Liquidax to Speed Up AI Patents Program: ‘Accelerating the Evolution of the Music Ecosystem’
LOS ANGELES COUNTY, CALIFORNIA, JUL 22 – Universal Music Group and Liquidax Capital formed Music IP Holdings to license 15 AI patents focused on music collaboration, marketing, rights management, and AI threat protection globally.
- On July 22, Universal Music Group unveiled a partnership with Liquidax Capital to accelerate AI patent development, forming Music IP Holdings, Inc. to license the patents globally.
- Since 2020, UMG has been developing AI tools, sued Suno and Udio last year, and The Velvet Sundown drew over 1.5 million listeners recently.
- In the announcement, UMG revealed it has filed 15 patent applications with Liquidax Capital, two of which have been issued, covering AI threat protection, musical collaboration, multimedia content, health, and rights management.
- Daniel Drolet said `with UMG to shape the future of music.`, the initiative frees UMG’s internal teams to focus on product development and, a Liquidax executive claims, past initiatives have generated over $1 billion in licensing revenue.
- Artificial intelligence remains the most pressing issue in the music business, industry stakeholders say it poses both a threat to human artistry and an opportunity to revolutionize music creation and distribution, and UMG’s prior deal with KLAY Vision Inc. illustrates its push toward ethical AI models.
Insights by Ground AI
Does this summary seem wrong?
19 Articles
19 Articles
Coverage Details
Total News Sources19
Leaning Left1Leaning Right0Center6Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
14%
C 86%
Factuality
To view factuality data please Upgrade to Premium
