invest1 publisher
UMG's new AI partner carries a valuation of 22 times its $500m in recurring revenue
ElevenLabs' $11bn is more than double Suno's $5.4bn and rests on $500m of recurring revenue earned mostly from enterprise voice work. The UMG fan platform will run separately from the music apps ElevenLabs already licenses.
Publishers:musicbusinessworldwide.com
Reality
- Evidence55
- Adoption45
- Hype gap+20
- Incentives78
- Confidence55