Spotify targets 2027 launch for AI remix service, FT reports

Oct 30 (Reuters) Spotify aims to launch an AI-powered music remix service in the first quarter of 2027, ​targeting a potential unveiling around the ‌Grammy Awards in February, the Financial Times reported on Friday, citing people familiar with the plans. The Swedish audio-streaming giant is considering charging ‌subscribers ​an additional $4 to $5 a ⁠month for the service, ⁠according to the FT report.Spotify did not immediately respond to a Reuters request for comment. Here are a few more ​details: • The service would let paying subscribers use AI to create their ⁠own versions of songs, ⁠such as transforming a folk ​song into a dance track or making one ​artist appear to cover another s music, the ‌FT report said • Under Spotify s plan, royalties from fan-created remixes would flow back to original artists, and plays would count ⁠towards the original songs in Spotify s charts, the newspaper said • Spotify has struck licensing deals ⁠with Universal ‌Music Group, independent label grou