AI's Impact on the Music and Audiovisual Sectors
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Summary
A recent study by CISAC explores the potential economic consequences of generative AI on the music and audiovisual sectors. The report forecasts revenue losses for these industries by 2028, highlighting the need for solutions in the face of unregulated AI.
Full Transcript
The music and audiovisual sectors are at risk of losing, respectively, a quarter and a fifth of their global revenue by 2028, according to the [[first study ]](https://www.cisac.org/Newsroom/news-releases/global-economic-study-shows-human-creators-future-risk-generative-ai#_blank)on the potential ec...
The music and audiovisual sectors are at risk of losing, respectively, a quarter and a fifth of their global revenue by 2028, according to the [[first study ]](https://www.cisac.org/Newsroom/news-releases/global-economic-study-shows-human-creators-future-risk-generative-ai#_blank)on the potential economic impact of generative AI on the arts. If left unregulated, AI's advance could have severe consequences, according to the study, commissioned by CISAC, the global organization that unites major copyright management entities. The research --- which provides concrete figures on the economic impact of AI on the arts --- aims to spark debate about the future of the sector and, more importantly, to find solutions.
