A global report released Wednesday by the International Confederation of Societies of Authors and Composers (CISAC) predicts that artificial intelligence (AI) will significantly impact the creative industries, with workers in music and audiovisual fields expected to lose nearly 25% of their income by 2028.
The report raises concerns about how the rapid growth of GenAI, or generative AI, projected to expand from €3 billion (approx. $3.16 billion) in 2023 to €64 billion by 2028, could disrupt traditional revenue streams for creators.
