The music industry is facing a major shift with the rise of AI licensing. As production libraries start embracing artificial intelligence as a new source of revenue, experts are raising concerns about the potential impact on the $1 billion sector. Hundreds of thousands of songs are needed to train AI models to generate music, leading some companies to use music without proper compensation, while others opt to pay artists and rights holders. While AI may seem like a promising new customer for music libraries, there are legitimate concerns about the competition it poses to traditional music businesses. Learn more about the risks and rewards of AI licensing in the music industry.
The Impact of AI Licensing on the Music Industry
by