Robert Kyncl told the magazine: "AI is a fast-growing phenomenon. It's really important that companies like us stand up for artists and songwriters — do it early, and do it together with AI companies."
Emails sent to Songkick users on Thursday (April 30) confirmed that personal data held by the platform "will be transferred to Suno, who will become the controller responsible for that data going forward."
UMG will sell half of its equity stake in Spotify and use the proceeds to help fund an expanded share buyback program totaling EUR €1 billion (USD $1.17bn)