A company, previously famous as a peer-to-peer file exchange network in the early 2000s, has reemerged with the introduction of a novel A.I. music studio.
The Chief Operating Officer of LimeWire, Marcus Feistl, appeared on FOX Business' program "Cavuto: Coast to Coast" this Friday to discuss how the service is leading the way in the "next wave of content creation" through artificial intelligence.
LimeWire is now focused on serving content creators, brands, and artists, pursuing its "mission to reshape the creator economy," as stated on its website.
The COO elaborated on how the platform was revamped last year to motivate the community to produce their own user-generated content, including images, videos, text, and audio, complemented by the recently introduced A.I. music studio.
"Within the last 12 months or so, we've seen a lot of user-generated content, a lot of requests from our community to get the ability to also create content themselves, which is why we made a big leap into this space and are pretty much enabling anyone on the platform to become a content creator and to also start creating their own music," he told host Neil Cavuto.
Feistl noted the differences between the studio and music streaming services such as iTunes and Spotify.
"We don't really see ourselves as a distribution model for existing creators. It's much more [about] getting users to generate their own content," he said.
He also talked about how the platform tackles the issue of content repetition, elaborating on the licensing of music and data used.
"We've actually put a lot of thought into this." Feistl told Cavuto, "All the music results that users get from the studio is licensed content. Our paid users can also use that content and use it commercially on other platforms, which has been one of the big parts that we put a lot of focus on in the development phase."
When Cavuto inquired whether the platform aims to "disrupt" the music industry, Feistl reassured that the platform's intentions are not antagonistic.
"We love the music industry," he added before pointing out that the A.I. music studio is "just a new way of creating content and bringing the music industry into pretty much the next wave."
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