Robert Kyncl has published a letter to Warner Music Group shareholders that pushes back against any under-appreciation of WMG’s value in the financial market, while talking up AI’s potential to drive that value higher. Both WMG and Universal Music Group shares are currently trading significantly below their 52-week peaks. Last Tuesday (February 24), a telling analyst note from Rothschild & Co Redburn argued that music rightsholders are particularly “exposed” to threats from AI-generated content.
Source: Robert Kyncl tells WMG shareholders: AI is music’s next growth engine, not its downfall