Sony Music CEO Rob Stringer says streaming providers have a meaningless quantity drawback, selling what he calls low-quality content material alongside big-name artists like Ed Sheeran, Miley Cyrus, Harry Kinds, and SZA.
“Now we have to take care of the premium high quality artists on the prime of our enterprise,” Stringer instructed traders throughout a presentation of Sony Corp’s ‘Enterprise Phase Assembly‘ for its music enterprise. Stringer says the corporate is looking on DSPs so as to add tighter laws to their platforms to assist filter out ‘poor high quality content material’ and streaming fraud. Stringer additionally suggests shifting to a brand new cost mannequin to disincentivize fraud and bottom-of-the-barrel content material.
“At Sony Music, our consideration is all the time on figuring out high quality—and never purely amount—as we face competitors from many traders and new corporations wishing to capitalize on sheer quantity,” Stringer stated through the presentation. “We’re satisfied that customers need the identical high quality and stay involved that DSPs are watered down by low high quality and meaningless quantity, which negatively impacts music followers and actual artists.”
“As well as, as publicly reported, fraud on key DSPs is an issue that should be eradicated by way of aggressive enforcement by these DSPs and distributors or by altering payout strategies to higher scale back the inducement for fraud,” Stringer concludes.
A part of the issue is how simple generative AI can be utilized to create music mash-ups that ‘sound’ like they might be official releases. That’s as a result of these AI fashions have been skilled on an artists’ voice—often with out their permission. Stringer says Sony Music is doing all the things it could actually to guard its artists as this nascent know-how begins to take off.
“We are actually on the gateway of a brand-new technological period with synthetic intelligence,” Stringer says. “And unsurprisingly, music will probably be a core part of this course of. AI guarantees to supply us instruments in order that our artists and writers can higher create and innovate. Nevertheless it additionally heralds better ranges of perception by way of machine studying, in addition to potential new licensing channels and avenues for industrial exploitation.”
“Actually there may be a number of alternative on this space to be enthusiastic about all through [Sony Music]. Although we’re significantly conscious of the challenges that lie forward, too. We’ll shield our creators on each stage attainable, whether or not or not it’s artistic, monetary, or authorized. Infringement and unauthorized utilization of their rights must be the premise for a singular, new set of artist and songwriter protections industry-wide. Tech doesn’t merely overrule artwork.”