1239 ET - The rise of AI music doesn't necessarily spell doom and gloom for major music labels, JPMorgan analysts say in a note. Although the volume of AI-generated songs is accelerating, consumption seems to be falling, the analysts write, citing data from music streaming app Deezer. More importantly, the labels have been facing exponential growth in new songs for years, and though this initially led to rapid share losses, "data suggests the trend has largely peaked or been addressed by strategy pivots post-Covid," the analysts say. Listeners also seem to be coalescing around high-quality content, and it's easier for a human artist to generate enduring popularity - through concerts, fan events, and social media, as well as the resources of a major record label - than an AI musician, the analysts say.(elias.schisgall@wsj.com)

(END) Dow Jones Newswires

April 27, 2026 12:39 ET (16:39 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.