Recently, a global economic research report warned that the rise of generative artificial intelligence poses a serious threat to the income of music and film creators. The study, commissioned by the International Confederation of Societies of Authors and Composers (CISAC), aims to assess the impact of AI technology on the creator economy. According to the report, by 2028, the income risk for creators could reach a staggering AUD 35 billion.
Image Source Note: Image generated by AI, image licensed from Midjourney
The report indicates that creators in the music sector will face a 24% income risk, while film content creators could see income losses as high as 21%. These losses will have a profound impact on the economic situation of creators, especially for those in adaptation roles such as translation and voice acting, where income risk may reach 56%. Additionally, screenwriters and directors are also expected to face income losses between 15% and 20%.
Currently, the scale of generative AI in the music and film content market is approximately AUD 4.8 billion, and it is projected to rapidly expand to AUD 103 billion by 2028. Revenue from AI-generated services is expected to surge from the current AUD 500 million to AUD 14.6 billion, raising widespread concern and worry among creators.
Björn Ulvaeus, the president of CISAC and a renowned musician, stated that policy-making will determine the future of creators. He pointed out that while generative AI has the potential to provide new opportunities for creators, inadequate regulation could severely harm their careers. Therefore, policymakers in various countries need to take prompt action to protect the rights and economic interests of human creators.
Creators' organizations in Australia and New Zealand have also expressed strong support for this and are calling for government action. They emphasize that the value of creators' labor should not be overlooked, and effective regulatory policies must be implemented to ensure fair income distribution and transparency. As the CEO of APRA AMCOS stated, the current AI technology presents significant opportunities for creators, but it also comes with substantial risks, making government intervention crucial.
This report serves as a reminder that the development of generative artificial intelligence could reshape the landscape of the creative industry, and ensuring the rights and income security of creators requires global policy adjustments and proactive measures.
Key Points:
📉 ** Income Loss for Creators:** Generative AI will lead to a 24% income loss for music creators and a 21% loss for film creators.
💰 ** Market Expansion:** The market for AI-generated services is expected to grow from AUD 4.8 billion to AUD 103 billion.
⚖️ ** Call for Policy Action:** Experts and creators' organizations are urging the government to take measures to ensure the rights and income security of creators.