LONDON — Universal Music Group and AI song generation platform Udio have settled a copyright infringement lawsuit and agreed to team up on new music creation and streaming platform, the two companies said in a joint announcement.

Universal and Udio said Wednesday that they reached a “compensatory legal settlement” as well as new licensing agreements for recorded music and publishing that will “provide further revenue opportunities” for the record label’s artists and songwriters.

Universal Music Group — the home of Taylor Swift and other top artists — has announced it settled a lawsuit against AI song generator Udio. AFP via Getty Images

As part of the deal, Udio immediately stopped allowing people to download songs they’ve created, which sparked a backlash and apparent exodus among p

See Full Page