News Summary

• Universal Music Group and AI song generation platform Udio have settled a copyright infringement lawsuit.
• Record labels accuse the platforms of exploiting the recorded works of artists without compensating them.
• Deal is the first since Universal, along with Sony Music Entertainment and Warner Records, sued Udio and another AI song generator, Suno, last year.
• Financial terms of the settlement weren’t disclosed.
• Udio and Universal, which counts Taylor Swift, Olivia Rodrigo, Drake, and Kendrick Lamar, among its artists, said the new AI subscription service will debut next year.