AI Music Startup Klay Secures Major Label Deals with Universal, Warner, and Sony
Universal Music (UMGNF), Warner Music (WMG), and Sony Music (SONY) have licensed their catalogs to AI streaming startup Klay, marking the first time all three major labels have partnered with an AI-powered music platform. The deals grant KLAY rights to thousands of hit songs, enabling users to remix and recreate tracks using artificial intelligence.
The startup is developing a Spotify-like streaming service enhanced with AI capabilities. This MOVE could unlock new revenue streams for the music industry while testing the boundaries of creative rights in the AI era. Investors are watching closely, as the partnerships may signal a broader shift toward AI integration in entertainment.