The Explosion of MusicTech; The Music Industry’s Tipping Point is Right Here, Right Now
#25 | Your Weekly Dose of AI Music News
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— Goldman Sachs Music In The Air 2023: Monetising superfans, price rises, streaming remuneration & AI
The Goldman Sachs Music In The Air report is always a major talking point for the industry.
The 2023 edition has just landed, authored once again by analyst Lisa Yang and colleagues at Goldman Sachs.
With the report suggesting that the industry is entering a period of “major structural change given the persistent under-monetisation of music content, outdated streaming royalty payout structures and the deployment of generative AI ”, this one will undoubtedly be read even more closely by executives.
— How do you build an AI voice model marketplace?
Of all the topics that have captured the zeitgeist around AI and music – and that’s a lot – voice models have undoubtedly been the most controversial. And for good reason – the voice is the most personal thing we have, it’s how we communicate, it’s how we express our emotions. It’s often what defines a song or a band, an artist’s career and identity. To co-opt it feels particularly invasive.
— The music industry’s tipping point is Right Here, Right Now
Streaming is buckling under its own weight. The economics and structure that served it well in its first decade are not the ones that will get it through the next ten years. You might say that streaming is going through its ‘start up to scale up’ phase.
AI is the disruption lightning rod of the moment, but transformational as it may prove to be, it is simply catalysing pre-existing disruptions.
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