Spotify is targeting an early 2027 launch for a new AI-powered service that will let listeners create their own remixes and covers of songs, as it negotiates licensing deals and tries to persuade artists to embrace the technology, the Financial Times reported.
The streaming group is aiming to launch the product in the first quarter of next year, with a potential unveiling around the Grammy Awards in February, according to people familiar with the plans. Spotify is considering charging subscribers an additional $4 to $5 a month for the service, one of those people said.
The product would allow Spotify’s paying subscribers to use AI to create their own versions of popular songs, such as transforming a folk song into a dance track or making one artist appear to cover another’s music.
The timing and pricing have not been finalised and remain subject to change, the people cautioned. Spotify declined to comment. Spotify is still negotiating licensing agreements that would allow it to implement the feature with Sony Music and Warner Music.
The company has already struck deals with Universal Music Group, the independent label licensing group Merlin and French music company Believe. The launch is a significant test of whether the music industry can turn generative AI into a new source of revenue, even as the technology has provoked resistance from some artists.
Spotify and Universal, the world’s largest record company, have been holding meetings with individual artists to persuade them to make their music available for the service, according to people familiar with the discussions.
