UMG and ElevenLabs announced a licensing agreement, which will see the latter build a fan platform for remixes, mashups, and "new track interpretations."
The 61,026 recordings would carry a theoretical maximum statutory damage of $9 billion, up from around $84 million under the original 560-work complaint.
The 121-page document sets out a number of disclosures, from anti-counterfeiting measures to the company's use of generative AI and expansion into physical retail.
TME's non-subscription music services revenue, encompassing live concerts, advertising, and merchandise, jumped 28.0% YoY to RMB 1.94 billion (USD $282 million) in Q1
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