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New study: High revenue losses for the music market due to AI

Generative artificial intelligence will significantly change the music and audiovisual media market in the coming years - this is the conclusion of a recent study commissioned by the International Confederation of Societies of Authors and Composers (CISAC). According to the study, musicians and audiovisual creators could lose around 22 billion euros of their income by 2028 (10 billion euros in the music sector and 12 billion euros in the audiovisual sector). This would jeopardise 24 and 21 percent of their respective total turnover.

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