Tarah Malhotra-Feinberg

Global on-demand audio streams surged by 15.1% to a staggering 2.3 trillion in the first half of 2024, marking a significant uptick in the music streaming industry. Within this total, U.S. streams accounted for 665.8 billion, showcasing an 8% year-over-year increase. Interestingly, the U.S. streams represent less than 30% of the worldwide total, signaling accelerated growth in international markets. This rapid expansion is not only reshaping the industry but also driving music content IP revenue upwards. #MusicStreaming #MusicIndustryGrowth

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“Revenue risk: By 2028, 23% of music creators’ revenues will be at risk due to generative AI, an estimated cumulative total damage of half a billion (AUD$519m) AI adoption: Over half (54%) of those surveyed agree that AI technology can assist the human creative process. AU/NZ songwriters and composers are early adopters Income impact: 82% of music creators are concerned that the use of AI in music could lead to them no longer being able to make a living from their work Policy demands: 97% demand that policymakers should pay more attention to the challenges related to AI and copyright In the largest study of its kind in the region, music rights organisation, APRA AMCOS, has unveiled the results of its exhaustive report into AI in the music sector – AI and Music* – revealing the technology’s potentially devastating impact on Australian and New Zealand music creators. Conducted by Berlin-based consultation and research group, Goldmedia GmbH, the report is based on survey responses from over 4,200 APRA AMCOS members across Australia, New Zealand and overseas in May and June this year, including songwriters, composers and music publishers.” Read the full article for more: #AI #ArtificialIntelligence #IP #IntelectualProperty #GenerativeAi #GeAi #CIAM #Copyright #Artists #Songwriters #Composers #Lyricists #MusicPublishing #CMOs #APRAAMCOS #APRA #Music #MusicBusiness #Musica #MusicIndustry #Musique #Musik #MusicBiz #Songs #MusicLicensing #Royalties #MusicRoyalties

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In light of the recent copyright infringement lawsuit targeting over 100 of the biggest names in reggaeton, it’s crucial to recognize the value of creative expression in the music industry. This case, which involves iconic artists like Bad Bunny and J Balvin, underscores the complex intersection between originality and influence in artistic endeavors. Artists drive cultural evolution by building on the past, blending inspirations to create something uniquely their own. While legal processes will determine the specifics of this case, it’s important to support artists who bring joy, identity, and innovation to our lives. In challenging times, let’s stand by our artists, ensuring they continue to thrive and inspire, while also advocating for fair recognition of foundational contributions. Together, we can foster an environment where creativity is celebrated, protected, and encouraged. #SupportArtists #CreativeFreedom #MusicIndustry #Reggaeton #ArtisticInnovation #taylorswift #latammsuic #latinomusic #creators

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