🤖 🎶 Music creators will see 24% of their revenues at risk of loss by 2028 according to findings of the first ever global study measuring the economic impact of AI in the music and audiovisual sectors. This is a vital global study examining the potential economic impact of AI on the creative sector's livelihoods, and we composers applaud CISAC's efforts. This could not be more timely.
🗣️ CISAC President Björn Ulvaeus on first ever global study measuring the economic impact of AI in the music 🎶 and audiovisual 🎬 sectors: "For creators of all kinds, from songwriters to film directors, screenwriters to film composers, Al has the power to unlock new and exciting opportunities - but we have to accept that, if badly regulated, generative Al also has the power to cause great damage to human creators..." ➡️ Commissioned by CISAC and conducted by PMP Strategy, read the full economic impact study 📕 today: https://lnkd.in/gtVMNtYk #AInews #GenAI #ArtificialIntelligence #IntellectualProperty #Copyright #MusicIndustry #MusicNews #MusicBusiness #CreativeIndustries #FilmIndustry