Sacem and GEMA unveil results of study on the impact of artificial intelligence in music
Sacem and GEMA Collaboration:
- Sacem and GEMA have collaborated to commission the world’s first study on the impact of generative artificial intelligence (AI) on the music and creative sector.
- The study, conducted by Goldmedia, provides an in-depth analysis of the opportunities and challenges associated with the use of AI in the music business, based on market analysis, expert interviews, and a survey of over 15,000 creators and publishers who are members of Sacem or GEMA.
- The initiative aims to address the rapid evolution of technology and the need for creators and publishers to understand the implications of AI in the music industry.
- The study predicts that the market for generative AI in music will reach over $3 billion by 2028.
Challenges Faced by Creators:
- Creators are concerned about fair remuneration and protecting their income in a digital environment where AI-generated music content poses a threat to traditional revenue streams.
- The study estimates that 27% of authors’ and creators’ revenue is at risk in the medium term, representing a cumulative revenue loss of 2.7 billion euros for Sacem and GEMA members by 2028.
- 71% of creators surveyed believe that AI will deprive them of their income and threaten their future.
Creators’ Use of AI and Regulatory Expectations:
- 35% of creators surveyed have already used AI in their work, with 51% of those under 35 having done so.
- Despite the growing use of AI, most respondents (64%) believe that the risks associated with its use outweigh the opportunities.
- 95% of music creators and publishers are calling for greater transparency from companies developing AI tools, and 93% want policymakers to attach greater importance to the challenges of AI and copyright.
Response from Sacem and GEMA:
- Sacem and GEMA are committed to putting creators and publishers back at the heart of discussions with AI companies and adapting the legal framework to address the impact of AI in the music sector.
- They aim to establish a transparent and fair relationship between creators and AI companies and are advocating for effective transparency requirements for generative AI companies.
Conclusion:
- The study conducted by Goldmedia sheds light on the impact of AI in the music sector and the concerns and expectations of creators and publishers. It emphasizes the need for robust regulation to protect copyright and ensure fair compensation for creators in the evolving landscape of AI-generated music content.
This groundbreaking study serves as a crucial contribution to the ongoing discussion and policymaking regarding the intersection of AI and the music industry.
For more detailed information and download of study:
https://www.gema.de/en/w/gema-sacem-unveil-results-of-ai-study
Source: GEMA, Jan 30, 2024
art-thinking, CdM-cl, Feb 12, 2024