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AI music market could hit $3 Billion by 2028, according to GEMA and Sacem.

  • February 2, 2024
  • Picture of Christopher Wieduwilt - The AI Musicpreneur Christopher Wieduwilt - The AI Musicpreneur
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✓ Day 1: Define your USP
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4 AI music tools you need to know:

Get quality mixing & mastering in 1 place → RoEx 

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European Collecting Societies Release Landmark Report on Impact of AI. The future of music is being shaped before our eyes. This study shines a light on where the industry is headed with new tools like AI.

Everything you need to know:

  • 35% of musicians surveyed have already used AI tools, with younger artists most open to experimenting
  • The report predicts the AI music market will grow exponentially to $3 billion globally by 2028 if regulations adapt successfully
  • 71% of musicians expressed concern that increased AI use could undermine their ability to earn money from their musical works
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Two major European collecting societies, GEMA and Sacem, recently partnered on an important research project. Their new report analyzes how artificial intelligence will influence music creation and business in the coming years. According to their findings, AI-generated music could become a $3 billion global market by 2028.

AI music market could hit  Billion by 2028, according to GEMA and Sacem.

Download the 192-page study here

The report starts by surveying over 15,000 musicians on their views and experiences of AI so far. It found that 35% have already used AI tools in their work, with younger artists being most open to experimenting. While many see creative potential, there are also worries about livelihoods. A notable 71% fear AI could undermine musicians’ ability to earn money from songs.

The AI Musicpreneur

For context, the worldwide AI music market is estimated at $300 million today. The collecting societies project exponential growth to $3 billion within five years if regulations keep pace with innovation.

That forecast is ambitious given most startups are still refining business models. GEMA and Sacem recognize this early market is defining norms around ethics, compensation, and copyright compliance. Their study advocates policies promoting “credit, transparency, consent and remuneration” as AI’s role expands. This includes properly attributing AI-assisted works and ensuring humans, not just corporations, financially benefit.

As the European Commission considers new AI legislation, these societal stakeholders hope to influence discussions. Their U.S. counterparts like ASCAP and SoundExchange will also monitor these issues closely. Overall the aim is balancing creators’ rights with opportunities for educational and commercial applications of the technology.

“AI is an opportunity for creators but as always, it is our responsibility, us Europeans to define the ethic and economical framework in which intellectual property has to be respected. Regulations are access to freedom and not the reverse. It’s because we invented the rules of the road that we can travel safely.”

The AI Musicpreneur
Jean-Michel Jarre
Electronic music pioneer and former CISAC president

This debate will intensify as the technical capabilities and market value of AI music systems grow significantly in the coming years. Collecting societies and independent artists alike want safeguards ensuring the human side of music thrives alongside intelligent technologies. With balanced policy frameworks and consent-based practices, many believe AI could enrich entertainment and become a major industry without disrupting creators’ livelihoods. The study provides a useful early examination of stakeholders’ perspectives as this partnership between people and machines continues evolving.Share

Whenever you’re ready, there are 3 ways I can help you:

  1. The AI Fanbase Builder: My flagship course and prompt library endorsed by music industry leaders. The AI Fanbase Builder teaches you step-by-step frameworks for growing your audience, getting noticed on social media, and turning followers into paying fans. Come learn proven strategies to build a thriving music career with AI.
  2. AI Music Newsletter: Join 2,000+ music professionals who use my proven AI tools, prompts, and workflows. Subscribers save 10+ hours weekly on music creation and promotion tasks that used to take days.
  3. Promote your AI tool to 2,000+ music pros weekly: Put your music brand in my newsletter where musicians, producers and industry pros, including Grammy winners and label executives, are already looking for AI music tools and insights each Wednesday.
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Christopher Wieduwilt - The AI Musicpreneur Founder, Content Creator
Christopher Wieduwilt, founder of the AI Musicpreneur, combines 15 years of music industry experience with AI expertise to empower artists. Having navigated the highs and lows himself, Christopher now shares AI music tools and strategies to help artists create, promote, and grow their fanbase. His mission is to guide musicians in winning 1,000 true fans in the AI era.
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