ElevenLabs Opened a Music Store While Taylor Swift Lawyered Up
ElevenLabs Opened a Music Store While Taylor Swift Lawyered Up
Publish Date: 2026-04-30 17:01:00
Source Domain: www.pymnts.com
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ElevenLabs, valued at $11 billion after raising $500 million in February, relaunched its platform, Eleven Music, targeting consumers for streaming, creating, and remixing AI-generated music.
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The platform initially served as a production library tool for brands and studios but now aims at direct-to-consumer engagement with features such as streaming over 4,000 tracks and remixing capabilities.
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Eleven Music sets itself apart by integrating generation, distribution, and revenue processes within a single closed loop, differentiating from other AI music generators like Suno and Udio.
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Monetization strategy ties royalties to listener engagement and platform revenue, emulating a similar model previously used with its voice library that has paid out over $11 million to creators.
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The platform holds licensing agreements with independent music rights organizations Kobalt and Merlin, aiming to avoid litigation as faced by other AI music generators.
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ElevenLabs emphasizes generating commercially cleared content, stressing the importance of authentic and trusted artistic output in an AI-driven music market.
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High-profile artists like Taylor Swift and Matthew McConaughey are taking legal measures to safeguard their voices from unauthorized AI replication through trademark filings.
