On an earnings call, Kyncl addressed the future of both Warner and the business at large, commenting on AI, subscription streaming and TikTok.
WMG's net income was off 34% compared to the year-ago quarter, which had an extra week.
The company ended 2022 with roughly 935 million paid subscriptions across services like Apple TV+ and Apple Music.
The investment firm known for its stakes in Taylor Swift's, Dr. Dre's catalogs now has $4.4 billion in assets under management.
Daniel Ek also signals a shift to "becoming more efficient" following a period of heavy investment.
Tokimonsta, Richie Hawtin, Nicole Moudaber and more share advice on how DJs who don't make the highest-paid list can best manage their earnings (which aren't as high as you think).
The company's modest gains outperformed competitors and major indexes.
The assets, which could be worth more than $1 billion, include music and production music from the company's TV and film projects.
Even as business boomed amid global streaming growth and the widespread return of live shows, the value of 20 companies on the Billboard Global Music Index fell 36.4% last year.
LiveOne shareholders as of Jan. 16 will receive PodcastOne stock in a special dividend.
