The opt-in agreement between Kobalt and $3.3 billion-valued Eleven Labs establishes what sources describe as “parity” between publishing and recorded music revenues. Each side will receive an approximate 50/50 split of royalties generated from the AI platform. Eleven Music’s basic tier is trained on production music, but a forthcoming ‘Eleven Music Pro’ offering will soon be trained on cleared catalog from Kobalt and Merlin.
