> “I will never forget this day. All of the heads of the labels, literally the titans of the music business, were in that room. I had somebody wheel in a PC and put some speakers up and I started doing a name that tune,” Rosen later recalled.
> The major music bosses started to name tracks, including some that weren’t even released yet, and time and again Napster would come up with results. Needless to say, the board was terrified.
They're about to be more terrified. Suno and Udio are just the beginning of the complete unraveling of the need for studio capital.
It's going to happen to Hollywood too.