🎵 Suno conquers the market
The AI music-generation platform Suno has hit a historic milestone, with the number of paying users surpassing 2 million and annual revenue exceeding 300 million dollars.
The company’s CEO, Mikey Shulman, is convinced that people are tired of homogeneous content and want to take part in creativity themselves.
Even after settling its dispute with Warner Music, Suno remains under fire from giants UMG and Sony, with music industry groups likening the company to “robbers who’ve stolen the jewels from the Louvre.”
Streaming services are drowning in “junk content.” Deezer receives around 60,000 new AI-generated tracks every day, and up to 85% of plays for such songs are believed to be fake.
Apple Music has already doubled penalties for stream manipulation triggered by the AI-music boom.
Despite the criticism, Suno is penetrating ever deeper into the industry: professional producers use it for demo recordings, and the company is led by seasoned veterans of the music business.
