Listen Co-Founder and CEO Mickey Shulman Shared on LinkedIn The AI music generator has garnered 2 million paid subscribers and $300 million in annual recurring revenue.
Just three months ago, Suno made an announcement $250 million funding round This valued the company at $2.45 billion. At the time, Suno told The Wall Street Journal that annual revenue had reached $200 million – indicating that the company had achieved some big growth in a short time frame.
Listen lets users create music using natural language signals, making it possible for people with less experience to produce audio with less effort. This has caused concern among musicians and record labels, who have sued Listen for copyright infringement, as its AI model was trained on existing recorded music. But Warner Music Group recently settled his case And instead a deal was struck that allows Suno to launch models that use licensed music from its catalog.
Suno has created synthetic music that sounds real enough to top charts on Spotify and Billboard. Telisha Jones, 31, in Mississippi used Listen to turn her poem into a viral R&B song.how was I supposed to know” and signed a record deal with Hollywood Media that was reportedly worth $3 million.
Nevertheless, many musicians have said Those against the use of AI in music including Billie Eilish, Chappelle Rhone, Katy Perry and others.
