A new study carried out for collective management organizations (CMOs) in Europe predicts that the global market for generative AI in music will exceed USD $3 billion by 2028 – a tenfold increase from 2023. The study also found nearly unanimous support for payments to rights holders when their music is used to train AI.
Source: Generative AI music market to be worth $3bn by 2028, says report commissioned by Sacem and GEMA
An estimated 62,000 entertainment jobs in California spanning film, TV, music and gaming will be disrupted by the rise of artificial intelligence within the next three years, a new study says. Published Monday, the report further estimates that 204,000 entertainment jobs across the United States will be affected by AI during the same time frame.
Source: Which entertainment jobs are most likely to be disrupted by AI? New study has answers
The industry is facing yet another revolution, but what sort isn’t yet clear. Is A.I. a format change in the way music is consumed, like the transition from records and cassettes to CDs, or is it a threat to the business model, as were free downloading and file-sharing? Is generative A.I. a new kind of digital workstation for making music, or is it the new radio—a platform for promoting acts and engaging with fans?
Source: Inside the Music Industry’s High-Stakes A.I. Experiments
The Hollywood labor community is up in arms again after the Directors Guild of America (DGA) made a number of retroactive additions to its film & TV contract with the studios. The deal, which was revealed yesterday and gives directors a streaming performance bonus that matches that of the writers, has sown more discontent across town.
Source: Directors Back In The Labor Spotlight As DGA Deal Ruffles Feathers In Hollywood
A surge in AI-generated literature is raising concerns among some who believe this trend could undermine the authenticity and value of the reading experience. The debate is intensifying amid increasing worries about the rise of generative AI and its potential impact on jobs, especially those involving creative professionals. There is growing apprehension that AI-created content might eventually replace human-produced materials.
SoundCloud has struck partnerships with three music technology companies to allow artists to directly upload songs created with AI tools to its platform. Those three companies are Fadr, Soundful, and Voice–Swap. SoundCloud said in its announcement on Thursday (January 25) that the move “marks the latest milestone in SoundCloud’s efforts to empower artists on the platform”.
Source: AI-made music can now be easily uploaded to SoundCloud, thanks to a trio of new deals
Even by the standards of a news business whose fortunes have plummeted in the digital age, the last few weeks have been especially grim for American journalism. Prominent newspapers like The Washington Post are shedding reporters and editors, and on Tuesday, The Los Angeles Times laid off more than 20 percent of its newsroom. Cable news ratings have fallen amid an uncompetitive presidential primary contest.
Meta has been de-emphasizing news across Facebook’s feed, upending many publishers that had come to rely on referral traffic. In September, Meta said it would “deprecate” its Facebook news tab in European countries including the U.K., France and Germany as “part of an ongoing effort to better align our investments to our products and services people value the most.”
Source: Facebook made a major change after years of PR disasters, and news sites are paying the price
The American Federation of Musicians, the union that represents music performers and artists, could be the latest entertainment industry union to go on strike over artificial intelligence. The AFM is starting negotiations with Hollywood producers. Shelly Palmer, of Syracuse University, said artificial intelligence will hit the musicians who produce TV theme songs and instrumental music for stores and theme parks the hardest.
Source: Artificial intelligence could be ‘devastating’ to these musicians
The EU has proposed sweeping changes within the music streaming industry to promote smaller artists and make sure underpaid performers are being fairly compensated. A resolution to address concerns regarding inadequate streaming royalties for artists and biased recommendation algorithms was adopted by members of the European Parliament (MEPs) on Wednesday, highlighting that no existing EU rules currently apply to music streaming services.
Source: Music streaming platforms must pay artists more, says EU