More like the recording industry unto itself is the reason it is a threat at all

If artist's entire livelihoods weren't 100% dependant on business parasites who have, since time immemorial, been looking for a way to get rid of them and just keep making money without those pesky artists asking for like. Payment or respect. Then AI would just be a funny little invention that might have even been welcomed by artists as another tool in their toolkit.

Expand that for writers and the television industry. Illustrators and the publishing industry. Etc. Etc. Etc.