CISAC study warns AI could cost music and audiovisual creators $23.12 billion by 2028.

A CISAC study projects that generative AI will lead to $23.12 billion in revenue losses for music and audiovisual creators by 2028. The AI-generated content market is forecast to grow from $3 billion in 2023 to $67.27 billion by 2028. The study highlights risks including unauthorized use of creators' works and the reduction of traditional revenue streams as AI-generated content competes with human-made works. However, with proper regulation, AI could also enhance human creativity.

3 months ago
17 Articles

Further Reading