Generative AI has already commoditized the entry and mid-tier composition market
#1Suno AI raised $125M in 2024 and now serves millions of monthly users generating complete songs with vocals, instrumentation, and mastering. Udio, backed by prominent investors, achieved 100M+ track generations within its first year. Epidemic Sound, one of the largest stock music platforms, has deployed AI generation internally and is reducing its human contributor payouts. Pond5 and Shutterstock Music are accepting AI-generated submissions, flooding the catalog at zero marginal cost and collapsing per-track licensing revenue by an estimated 40–70% across the stock music market since 2023.