Devin Brisco's questions to Warner Music Group Corp (WMG) leadership • Q4 2024
Question
Devin Brisco from Wolfe Research, LLC asked for details on the potential 'superfan tier,' including features, monetization avenues, global rollout expectations, and how Warner Music Group would be compensated under such a model.
Answer
CEO Robert Kyncl stated that while WMG is deeply engaged in conversations, he could not comment on specific features on behalf of retail partners. He highlighted the underexploited opportunity, referencing the gaming industry where 20% of users drive 80% of revenue. He expressed bullishness on the concept, viewing it as a potential catalyst for increased growth for both DSPs and WMG that is not yet factored into business models.