Suno co-founder and CEO Mikey Shulman says the AI music generation company has surpassed 2 million subscribers and $300 million in revenue, figures he describes as conservative markers of its actual scale. Shulman also addressed the terms of Suno’s recent licensing agreements with Warner Music Group and BMG, outlining what each company receives from the deals.
On regulation, Shulman argued that the absence of settled rules governing AI-generated music is currently beneficial, allowing the technology and industry norms to develop before rigid frameworks are imposed. He also weighed in on who should ultimately be responsible for setting those rules as the sector matures.
Read the full story at Music Business Worldwide.