Finishing the Unfinished: AI, Schubert, and Who Gets Credit for the Final Note

Nancy Kwamboka

Most conversations about AI and music collapse into two camps: fear that it will replace artists, or excitement about how much money there is to be made. Lucas Cantor sits outside both.

Lucas is a venture investor at Mindset Ventures and an Emmy-winning composer who got his start at Hans Zimmer’s studio before going on to finish Schubert’s Unfinished Symphony using AI, a project that became a live orchestral premiere in London. He’s also the author of Unfinished: The Role of the Artist in the Age of Artificial Intelligence.

Larry talks with Lucas about what it actually took to complete a 200-year-old symphony with machine learning, why he thinks Suno’s multi-billion dollar valuation rests on a fundamentally wrong premise about what music is, and why, after spending a career building tools that make creation easier, he remains convinced that the hardest and most valuable skill in music has never been technical at all.

The Future of Music + AI Is Already Here – It’s Just Not Evenly Distributed

Nancy Kwamboka

With apologies to cyberpunk author William Gibson, the technology is out in the wild.  The lawsuits are filed. The licensing deals are being signed. The future of the music industry is already here.  It’s just not evenly distributed.

This is the third episode in Musonomics’ AI series, and it’s the one that looks forward — beyond the fear and hype to what’s already taking shape. When content becomes infinitely abundant, what gets more valuable? And who wins?

Larry sits down with Cherie Hu, founder of Water and Music, and Daniel Rowland, VP of Strategy and Partnerships at LANDR to map where things actually stand — and where they’re heading.

They cover why professional AI adoption is far higher than anyone publicly admits, how major labels are quietly re-centralizing by buying up indie distributors, what the “DAWification of everything” means for the line between assistive and generative tools, and why the music company of the future might look like a label, a tech company, and a data company all at once.

One thread runs through all of it:  authenticity is still the industry’s most fragile — and most valuable — asset.

 

AI, Music, and the Law:  Innovation vs Compensation

Nancy Kwamboka
Artificial intelligence is the force reshaping the music industry’s future. And the legal battle over who gets paid, and for what, is just getting started. In 2024, the major labels sued AI music companies Suno and Udio. Music publishers sued Anthropic this year for $3 billion. The AI companies say training on copyrighted music is transformative, and protected by fair use.  Rightsholders say if you’re building a business on music, you have to pay for it. The courts haven’t settled it. Congress hasn’t touched it. But the marketplace is already moving. Larry talks with David Israelite of the National Music Publishers Association and Judge David Strickler of the U.S. Copyright Royalty Board, both adjunct professors at NYU Steinhardt, about fair use, the shadow of litigation, why voluntary licensing deals are quietly multiplying, and whether greed, fear, or good old-fashioned bargaining theory will ultimately draw the line between innovation and compensation. In this episode:
  • Why the fair use argument is the central legal battleground, and what the courts have said so far
  • How settlements with Suno and Udio are reshaping the landscape before any landmark ruling arrives
  • Why voluntary licensing deals are multiplying, and what the YouTube era teaches us about where this is headed
  • Whether Congress will step in, and why the best-case scenario is that it doesn’t
  • What the next three to five years look like for creators, rights holders, and the AI companies caught in between
 

AI & Music: Tool or Threat?

Nancy Kwamboka
Artificial intelligence is the force reshaping the music industry’s future. And the legal battle over who gets paid, and for what, is just getting started. In 2024, the major labels sued AI music companies Suno and Udio. Music publishers sued Anthropic this year for $3 billion. The AI companies say training on copyrighted music is transformative, and protected by fair use.  Rightsholders say if you’re building a business on music, you have to pay for it. The courts haven’t settled it. Congress hasn’t touched it. But the marketplace is already moving. Larry talks with David Israelite of the National Music Publishers Association and Judge David Strickler of the U.S. Copyright Royalty Board, both adjunct professors at NYU Steinhardt, about fair use, the shadow of litigation, why voluntary licensing deals are quietly multiplying, and whether greed, fear, or good old-fashioned bargaining theory will ultimately draw the line between innovation and compensation. In this episode:
  • Why the fair use argument is the central legal battleground, and what the courts have said so far
  • How settlements with Suno and Udio are reshaping the landscape before any landmark ruling arrives
  • Why voluntary licensing deals are multiplying, and what the YouTube era teaches us about where this is headed
  • Whether Congress will step in, and why the best-case scenario is that it doesn’t
  • What the next three to five years look like for creators, rights holders, and the AI companies caught in between
 

What’s a Superfan?

Larry Miller

Superfan is a strong contender for Music Industry Buzzword of 2025-26. But what does it mean, exactly? And what does it mean for the industry?

On this episode, Larry talks with Olivia Jones from MIDIA research who is watching the space closely, and Musonomics correspondent Mariel Darling sits down with Mag Rodriguez, founder of EVEN, one of the leading platforms doing the heavy lifting to talk about the challenges and rewards of superfan engagement.

Catalogs + Capital

Larry Miller

In this episode, we take a look back at the first half of 2025. Larry sits down with Tatiana Cirisano of MIDIA research to discuss underlying industry trends across the globe, including where music meets audiences. Larry also talks with Paul Sipio of Apollo Global Management, which has invested billions in the industry over the past few years, about why music catalogue has been, and continues to be, an attractive investment on Wall Street and beyond.

Songwriters Take the Stage + Two Rising Music Publishers

Larry Miller

We’re in a song economy but not yet a songwriter economy, according to a landmark report by MiDiA Research. In this episode: the report’s co-author Tatiana Cirisano, and two new-school independent music publishers rewriting the rulebook, Evan Bogart from Seeker Music and Lylette Pizarro from Influence Media.