Universal Music Group has settled its copyright lawsuit with AI music startup Udio and struck a licensing deal to launch a new AI-powered music platform next year. The Verge reports: The deal includes some form of compensation and “will provide further revenue opportunities for UMG artists and songwriters,” Universal says. Udio, the company behind “BBL Drizzy,” will launch the platform as a subscription service next year. Universal, alongside other industry giants Sony and Warner, sued Udio and another startup Suno for “en masse” copyright infringement last year.

Universal – whose roster includes some of the world’s biggest performers like Taylor Swift, Bad Bunny, and Ariana Grande – says the new tool will “transform the user engagement experience” and let creators customize, stream, a…

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