Study on Generative AI impacts on music sector
February 15, 2024
On 30 January 2024, copyright management organisations for music composers in France and Germany (SACEM and GEMA) released the results of a study of the impacts on Generative Artificial Intelligence (AI) on the music sector.
You can see the organisations’ announcement here, a summary of the study here, and the full report here.
The study:
- predicts that the market for generative AI in music will reach more than $3 billion by 2028
- estimates that 27% of authors’ and creators’ revenue is at risk in the medium term
- reports that creators surveyed as part of the study share the same concern, with 71% believing that AI will deprive them of their income and threaten their future