Artificial Intelligence (AI) has been making rapid strides, influencing various creative fields, including music. A recent report from APRA AMCOS, a prominent Australian copyright management organization, has raised alarms about the potential financial impact on musicians. According to the report, a substantial portion of musicians’ revenue could be at risk by 2028 due to the increasing role of AI in music production.
The report is based on an extensive survey of over 4,200 individuals, ranging from songwriters and composers to music publishers. The findings reveal that 23% of respondents believe AI will significantly affect artists’ income within the next few years. This concern is particularly pronounced in the music industries of Australia and New Zealand, where the report estimates a potential financial impact of approximately $350 million over the next four years, with $153 million projected for 2028 alone.
Despite these worries, not all musicians view AI negatively. The survey found that 38% of respondents have already integrated AI into their music production processes. However, 27% remain steadfast in their refusal to use AI in their work. Interestingly, while only 8% of participants expressed optimism about AI’s potential benefits, a striking 82% voiced concerns about being replaced by technology, potentially jeopardizing their livelihoods.
The growing influence of AI in the music industry presents both opportunities and challenges, and this report underscores the need for musicians to carefully navigate this evolving landscape.
Read the full report here.
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