Musixmatch Signs AI Innovation Deals With Major Publishers

Bologna-based lyrics and music data company Musixmatch has announced a series of AI-based licensing agreements with Sony Music Publishing (SMP), Universal Music Publishing Group (UMPG) and Warner Chappell Music (WCM).

The deal:

• As per the company’s press release, the agreements are “trial agreements.”

• They give Musixmatch access to catalogs of more than 15 million musical works to develop new analytical and non-generative AI services with the support of leading rights owners and the music publishing community.

• Musixmatch says its goal is to build “new ethically trained services and revenue streams using authorized catalogs,” stressing that it is focused on “amplifying the impact of musical works and lyrics, while also providing remuneration for rights owners and songwriters.”

• It has not yet provided specifics on how these deals will facilitate this. 

What they said:

• Massimo Ciociola, Musixmatch Founder & CEO: “These agreements will ensure the writers of today and tomorrow are compensated for their creative works, not only in today's marketplace, but also in the dynamic, AI-powered world that is rapidly emerging. Our long-standing partnerships with rights owners enable us to confidently build new services that will properly compensate songwriters while delivering value to music publishers and all who recognize the power of a song to move culture and provide meaning to our world.”