ElevenLabs Launches AI Music Service Promising Commercial-Ready, Royalty-Free Tracks
Kobalt has signed a groundbreaking licensing deal with ElevenLabs' AI music platform, Eleven Music, establishing a 50/50 revenue split between publishing and recorded music, with a Most Favored Nation clause to ensure equal terms for future negotiations. This deal aims to create fairer licensing terms for generative AI music, potentially reshaping industry standards and negotiations.
