Warner Music Group CEO Robert Kyncl, in remarks to analysts during a morning earnings call, said music publishing had shown continued momentum, but recorded music revenue fell short of expectations. “We underperformed in recorded music. There’s plenty of room for improvement,” Kyncl said. Kyncl said AI tools could be properly harnessed to transform the music industry, even as it faces a challenge from AI-generated music content and increasing competition from indie music labels.
Source: Warner Music CEO On AI: “Framing It Only as a Threat Is Inaccurate”