Spotify targets 2027 launch for AI remix service, FT reports
Mark Gilliam brings a decade of experience in business reporting to Fargo Current, previously writing for the Grand Forks Herald. He holds a degree in Business Administration from the University of North Dakota and specializes in local economic trends and business development.
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Oct 30 (Reuters) Spotify aims to launch an AI-powered music remix service in the first quarter of 2027, targeting a potential unveiling around the Grammy Awards in February, the Financial Times reported on Friday, citing people familiar with the plans. The Swedish audio-streaming giant is considering charging subscribers an additional $4 to $5 a month for the service, according to the FT report.Spotify did not immediately respond to a Reuters request for comment. Here are a few more details: • The service would let paying subscribers use AI to create their own versions of songs, such as transforming a folk song into a dance track or making one artist appear to cover another s music, the FT report said • Under Spotify s plan, royalties from fan-created remixes would flow back to original artists, and plays would count towards the original songs in Spotify s charts, the newspaper said • Spotify has struck licensing deals with Universal Music Group, independent label grou