82% of leading Australian musicians and APRA AMCOS express concerns about AI's potential $519M loss impact on the music industry by 2028.
Leading Australian musicians, including Jimmy Barnes, Missy Higgins, and Bernard Fanning, express concerns about AI's potential negative impact on the music industry. APRA AMCOS, an Australian music rights organization, estimates a $519M loss by 2028. Their survey reveals 82% of respondents worry generative AI could threaten music creators' livelihoods, examining revenue lines from retail, background music, streaming, and digital ads.
August 18, 2024
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