The North American Concert Industry Lost $30 Billion In 2020

Total North American concert industry revenues came in at $12.2 billion, with losses of $9.7 billion, Pollstar relays, having based the figure off the aforementioned Q1 growth rate. And by factoring for merch sales, concessions, sponsorships, transportation, lodging, and “other economic activity tied directly to live events…it doesn’t take much calculus to arrive at a full economic impact of greater than $30 billion.”

Source: The North American Concert Industry Lost $30 Billion In 2020

RightsTech Extra

AI Companies Get the Picture

By Paul Sweeting

One of the biggest challenges facing copyright owners in grappling with the rapid development of generative AI technology, apart from a murky legal status, has been market failure, as discussed here in previous posts. The amount of existing material needed to train gen-AI models is so great, and so varied, that gauging the value of any one piece of it to establish a market price for it for licensing purposes is often effectively impossible. One group of rights owners is finding willing buyers among AI companies, however. An active, albeit for various reasons mostly sotto voce market has begun to emerge for the use of images held in large photo archives and by photo agencies and social media platforms, complete with per-unit industry and at least a nod toward creator attribution... Read More >>

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