UMG partners Liquidax Capital to advance AI patent development

The collaboration marks a step in UMG’s ongoing efforts to integrate AI into its music business. UMG has filed 15 AI-related patents with Liquidax Capital to date, focusing on areas such as musical collaboration, multi-media content and campaign creation, music and health, AI threat protection, and rights management. Two of these patents have already been granted.

Under the new partnership, Liquidax Capital will support UMG in developing, filing and licensing new patents, with the aim of bringing innovative products to market and strengthening UMG’s portfolio of AI technologies.

In conjunction with the deal, a new company, Music IP Holdings, Inc. (MIH), has been established to license the developed patents and technologies into the global market.

“At Universal Music Group, we are taking a very active role in fostering innovation. Building on our historical and contemporary track record of cutting-edge R&D, scientific advancements and successful patent applications, we are looking forward to significantly advancing our internal efforts, with a dedicated focus on AI technology,” UMG senior vice president of Strategic Technology, Chris Horton said. “And we’re very pleased to be entering into this collaboration with Liquidax, with whom we intend to develop a strong strategic relationship that will amplify our ability to develop IP and take it to market, accelerating the evolution of the music ecosystem.”

Founder of Liquidax Capital and Partner in MIH, Daniel Drolet said: “We are honoured and excited to partner with UMG, the global leader in music innovation and ethical AI. We are laser focused on advancing UMG’s leadership and their cutting-edge technologies, especially in AI, to empower their artists, protect creative rights, foster partnerships, and enhance UMG’s fan experiences worldwide. We are thrilled to be working with UMG to shape the future of music.”