# ElevenLabs Partners with Universal Music Group on AI Music Platform and Artist Tools

_General · published 2026-09-10_

ElevenLabs, the AI audio company valued at $11 billion, has struck a global partnership with Universal Music Group to launch an AI-powered music platform aimed at fans. The two companies will also jointly develop AI audio products tailored for artists and songwriters.

The deal marks a significant convergence between a leading AI audio infrastructure company and the world's largest music label, signaling growing industry appetite for licensed, artist-focused AI music tools rather than the more legally contested generative music platforms that have drawn copyright scrutiny.

## Sources
- [Music Business Worldwide](https://www.musicbusinessworldwide.com/elevenlabss-11b-valuation-is-more-than-twice-the-size-of-sunos-its-just-struck-a-global-ai-music-deal-with-umg/)
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