UMG and ElevenLabs multi-year licensing agreement
ElevenLabs signed its first major-label deal, a multi-year UMG licence and collaboration that starts with a fan platform for remixes and mashups.
Built on licensed music and artist participation, separate from ElevenMusic. ElevenLabs raised $500M at $11B (2026-02-04) and then $300M tender at $22B (2026-09-30); Suno is valued at $5.4B (2026-06-03).
- Date
- Thursday, 10 September 2026
- Lab
- Universal Music Group / ElevenLabs
- Kind
- product
- Access
- app only
Platform 'in development', no launch date. Valuations from ElevenLabs and Suno posts.
Sources
- elevenlabs.io/blog/umg
- www.musicbusinessworldwide.com/elevenlabss-11b-valuation-is-more-than-twice-the-size-of-su
- tech.eu/2026/09/30/elelvenlabs-doubles-valuation-to-22bn-with-300m-employee-tender-offer/
This record was checked against its sources on 6 October 2026. How we check