11:52 AM EDT, 05/21/2026 (MT Newswires) -- Spotify Technology ( SPOT ) and Universal Music said Thursday they have reached a recorded music and music publishing licensing agreement, enabling users to create covers using generative AI technology.

Under the agreement, Spotify ( SPOT ) will launch a new tool allowing users to create covers and remixes of songs from participating artists.

The new tool will be launched as a paid add-on for Spotify Premium users, the companies said.

The tool will create an additional source of income for artists as they share in the value generated through licensed covers on Spotify ( SPOT ), they added.

Spotify ( SPOT ) shares were up more than 16% in Thursday's trading.

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