From Music Ally · Stuart Dredge · · 1m
Suno Breaks AI Music Records
Suno hits 2m subscribers and $300m annual revenue with AI music growth.
In brief
Suno hits 2m subscribers and $300m annual revenue with AI music growth. Suno has surpassed 2 million subscribers and $300 million in annual revenue, showing strong traction in AI music. Originally reported by Music Ally.
Suno's Growth
Suno's CEO Mikey Shulman says the company has far exceeded two million subscribers and $300 million in annual revenue.
“The last stats that we released were two million subscribers, $300 million in revenue. We are far beyond that by now, and so there is quite a lot of traction”
Partnerships and Investor Views
Suno partners with WMG, BMG, and other music companies, but some investors see music as a small business.
“We have amazing investors and partners for building this business. But a lot of people think of music as a small business, and one that they don’t necessarily want to get into”
AI Music Labeling Debate
Suno wants no single party to set AI music labeling rules, as the technology changes rapidly.
“We don’t want any single party [to set the labelling rules], whether it’s an AI platform, a media platform, a set of rightsholders, we actually want to make these decisions together”
Music Industry's Labeling Proposal
Music industry groups proposed two AI music labeling badges but have not adopted them by streaming services.
“A group of them sought to set those firm rules of the road in July with proposals for a labelling scheme with two badges, one for wholly AI-generated tracks and another for AI-assisted tracks”
New 'Speech' Feature
Suno launched a new 'Speech' feature for generating spoken audio with original background music.
“We turned friends’ texts into wildly overproduced dramatic readings. We gave ordinary voice notes unnecessarily epic scores”
AI Music Social Impact
Suno's 'Speech' feature is still in development but has already impacted the company through TikTok trends.
“This is leaning hard into the social aspects of AI music, which have already had an impact on Suno when the ‘text-to-song’ TikTok craze sent it to the top of the App Store charts”
At a glance
Suno has surpassed 2 million subscribers and $300 million in annual revenue, showing strong traction in AI music.
