A report warns of million-dollar losses by 2028 in the music industry and audiovisual production.
A recent study of the International Confederation of Societies of Authors and Composers (CISAC) warns that musicians and audiovisual workers could face losing 24% and 21% of their income respectively between now and 2028. “This is equivalent to a cumulative loss of 22 billion euros over the five-year period,” unless effective regulations are implemented to protect creators.
The report highlights two main threats: the displacement of audiences towards music created by AI and the lack of compensation for the unauthorized use of artists' works to train artificial intelligence models. The AI ​​market is growing by leaps and bounds, with projections indicating an increase in its value of 4 billion euros in music (compared to 0.1 million in 2023).
Björn Ulvaeuspresident of the CISAC and former member of ABBAstressed the importance of establishing a legal framework that balances the use of AI.
For creators of all kinds, from songwriters to film directors, screenwriters and film score composers, AI has the power to open up exciting new opportunities, but we have to accept that if poorly regulated “Generative AI also has the power to cause great harm to human creators, their careers, and their livelihoods,” he stated.
In this context, some countries such as Australia and New Zealand are leading hopeful initiatives by implementing policies that protect the rights of artists against AI. Meanwhile, in the United States, efforts such as the NO FAKES Act seek to mitigate the impact of AI, but a global strategy that guarantees a fair environment for creators is still missing.
This call to action seeks to mobilize policymakers to defend the value of human creativity and preserve culture in the face of technological advances. Companies, on the other hand, must create jobs for AI technicians and specialists by expanding the market of professionals and not just reduce their workforce in the face of rudimentary AI that, without human supervision, could not have the scope it has now.
