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Spotify Technology Shares Up Amid New AI Tool For Remixing Songs

Provided by Dow Jones May 21, 2026, 4:26:00 PM

By Christopher Kuo

Spotify Technology shares climbed after the company said it plans to roll out an artificial intelligence tool allowing users to make covers and remixes of songs from Universal Music Group's artists.

Shares of the music streaming company climbed 15% Thursday to $497.47. The company's shares are still down 15% year to date.

The new tool is part of an expanded partnership between the streaming company and the record label, which represents a host of artists, from Taylor Swift to Kendrick Lamar. The tool will be a paid add-on for Spotify Premium users, the company said.

The company also said Thursday that it would reserve two concert tickets for some artists' top fans to buy tickets before the general sale.

Write to Christopher Kuo at chris.kuo@wsj.com

(END) Dow Jones Newswires

May 21, 2026 12:26 ET (16:26 GMT)

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