Music Business Worldwide reports: “A new report from CISAC, the global umbrella group for authors’ societies, has a sobering prediction: 24% of music creators’ revenue could be taken by generative AI by 2028. The news is almost as bad for creators in the audiovisual industry (TV, film, video, etc.). By 2028, they face a loss of 21% of the income they would have made if generative AI didn’t exist.”
