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0.00157480314960627 0.0019685039370079 0.00354330708661417 0.0023622047244094 0.0023622047244094 -0.00354330708661417 -0.0135826771653544 -0.0122047244094489
Stock impact report

Global music market grows, calls for AI compensation: industry body [Yahoo! Finance]

Warner Music Group Corp. - Class A (WMG) 
Company Research Source: Yahoo! Finance
The global music industry generated $31.7 billion last year, driven by online streaming, industry body IFPI said Wednesday, as it called on the sector to ensure AI-generated content compensates musicians. Music revenues rose 6.4 percent, marking the eleventh consecutive year of expansion, according to the International Federation of the Phonographic Industry, which represents more than 8,000 global record labels. Streaming accounted for nearly 70 percent of annual revenue, with paid streaming subscriptions reaching 837 million subscribers worldwide. But the IFPI warned against the increasing threat of AI-generated streams of fake content. "Streaming fraud is theft, plain and simple," the group said in its annual report, calling instead for technology to "support and enhance creativity, not replace it." AI-generated tracks regularly go viral, such as the runaway success of an AI cover of Belgian musician Stromae's "Papaoutai" at the end of January. According to the report, Show less Read more
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