Warner Music Group Corp at Morgan Stanley Technology, Media & Telecom Conference Transcript
(technical difficulty) to one of your competitors, which will remain unnamed, there will be 1.5 billion music subscribers in 2035, and our revenue for the industry will nearly double by that time. And that's all before the advent of AI drives further growth. So I feel quite bullish on the industry.
And we are very well positioned for that. Again, everything that we do goes against those three priorities that I mentioned. AI helps with each and every one of those. And our company has gone through lots of changes over the last three years, both organizational ones where we flattened the organization. We refreshed a lot of the leadership.
We've simplified our organizational structure such as combining US and UK labels together, et cetera. But there are many, many more examples of that. And we've also invested into underlying infrastructure of the company, which may sound kind of boring, but it's actually foundational in what is happening in AI today and to be able to take advantage of that, for instance, cleaning our
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