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Music industry professionals joined The Hollywood Reporter<\/em> and the University of Miami\u2019s Frost School of Music to look ahead as they co-hosted the inaugural Future of Music event on Thursday night.<\/p>\n Yungblud, who was recently nominated for three Grammys, was the evening\u2019s keynote guest, speaking in conversation with THR<\/em> music editor Ethan Millman<\/a> about the resurgence in the popularity of rock music. The 28-year-old rocker had the crowd the laughing and cheering along.<\/p>\n More from The Hollywood Reporter<\/strong><\/p>\n Myman Greenspan Fineman Fox Rosenberg & Light partner Audrey Benoualid, Frost School of Music\u2019s vice dean and chair of the music industry department Serona Elton, Range Music managing partner Evan Winiker, Isabel Quinteros, svp of marketing industry relations at Jen AI, and songwriter and producer Roahn Hylton also took part, speaking on the Future of Music panel.<\/p>\n The group dove into the realities of artificial intelligence in the music industry and what the landscape might look like in the future; how far away the industry is from a monetization model in the age of AI music<\/a> was a hot-button topic during the panel. Quinteros brought up Suno, the AI music platform, having recently raised $250 million in funding, and that she believes private equity firms will soon join the conversation.<\/p>\n \u201cOver $20 billion has been poured into music acquisition over the last six years. Private equity now owns a lot of the music catalogs that are trained on,\u201d she said. \u201cI think that depending on where we land here over the next year or so, I can see people like BlackRock and other big private equity firms that are going to come in and get in the fight, because now they have skin in the game.\u201d<\/p>\n