AI in Music and Audiovisual Markets Report 2028
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Uploaded by SoftDevotion
2028
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Summary
This document presents a study on the impact of AI on the music and audiovisual industries. The report forecasts significant revenue growth by 2028, projecting that AI-generated music will generate $16 billion, and the audiovisual sector could reach $48 billion. It also addresses potential job losses, particularly for dubbing artists and translators.
Full Transcript
The study is also based on market data, AI reports, copyright laws, and eight workshop sessions between industry members and CISAC. With this comprehensive approach, the report aims to answer three critical questions for 2028: What role will AI-generated works play in the audiovisual and music marke...
The study is also based on market data, AI reports, copyright laws, and eight workshop sessions between industry members and CISAC. With this comprehensive approach, the report aims to answer three critical questions for 2028: What role will AI-generated works play in the audiovisual and music markets? How much revenue will developers of these technologies generate? And what will the financial impact be for creators? The report predicts that AI-generated music will generate revenues of \$16 billion in 2028, up from \$1 billion today. Similarly, the audiovisual sector could see a jump to \$48 billion in five years, compared to \$2 billion now. The estimated losses for artists in both sectors are projected to exceed \$4 billion each, according to the document. However, there are nuances: [[dubbing artists and translators ]](https://english.elpais.com/science-tech/2023-09-03/how-ai-is-gaining-ground-in-simultaneous-interpretation.html#_blank)are likely to be more affected in the short term than directors or screenwriters.
