During the company's earnings call on Tuesday, the CEO also said the company will "ensure that protection of intellectual property is high on the agenda."
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CEO Robert Kyncl said the company would be “reallocating resources towards new skills for artist and songwriter development and new tech initiatives.”
The five-year-old scholarship at SUNY New Paltz benefits underrepresented students seeking degrees in computer science and engineering.
On an earnings call, Kyncl addressed the future of both Warner and the business at large, commenting on AI, subscription streaming and TikTok.
Matusch worked with WMG CEO Robert Kyncl at YouTube, where he served as managing director of strategy and business operations.
