Warner Music Group CFO & COO Armin Zerza Steps Down Effective Immediately; Lou Dickler Appointed Acting CFO

Shares of communications services are trading higher after AI executives from firms including Anthropic, OpenAI and SpaceXAI signaled that the industry's growth may have to be slowed, which may limit competition in content creation, advertising sales and other areas. The sector's cash flow from ads and subscription revenue may also be attractive to investors amid elevated bond yields, inflation fears and interest rate expectations.

Sony Music, Warner Chappell Sue Anthropic Over Alleged Mass Copyright Infringement, Seek up to $150,000 per Song (UPDATED)

Sony Music Publishing and Warner Chappell sue Anthropic over alleged copyright infringement involving songs used to train Claude.

Warner Music Q3 Adj. EPS $0.51 Beats $0.34 Estimate, Sales $1.864B Beat $1.809B Estimate

Warner Music Gr (NASDAQ:WMG) reported quarterly earnings of $0.51 per share which beat the analyst consensus estimate of $0.34 by 50 percent. This is a 21.43 percent increase over earnings of $0.42 per share from the

Spotify Says Its AI Music Plans Won't Miss a Beat Without Every Major Label— Here's Why

Spotify says AI music launch won't require every major label deal, as it expands partnership with Merlin for fan-made covers and remixes.