AI Music Market to Hit €16bn by 2028: Cisac Report

AI in Music: The Future Hits a High Note

Alright folks, let’s chat about the future—specifically, the shiny, slightly scary, and a little bit exhilarating future of AI in music. If you’re anything like me, you might have mixed feelings about technology messing with your tunes. Being a music-obsessed soul who loves dabbling in electronic music and tech, this one’s been on my radar, and it should be on yours too!

The Big $$$ in AI-Music:

So here’s the thing, there’s this report by Cisac (fancy folks dealing with music rights) teaming up with PMP Strategy, and they’re predicting some wild stuff. They’re talking about these AI music outputs being worth a whopping €16 billion by 2028. Yeah, you read that right. It’s like Adele money but AI style.

In 2013, they pegged AI music at about €1 billion, and they’re saying it’ll hit €4 billion by 2025. That’s a steep climb, and some people would even say it’s rocking the music industry’s boat for real.

What’s the Catch?

Here’s where it gets dicey for the amazing musicians out there. The report suggests that a hefty 24% of musicians’ revenue might be at risk thanks to AI-generated music. And nobody likes their wallet taking a hit, right? That could mean some tough times if things don’t get sorted.

Gadi Oron, the big cheese at Cisac, is stressing that while AI sounds super cool, it’s actually a real risk—like, not just a theory. We’ve got to be vigilant. AI’s great, but only as long as it doesn’t replace our fleshy, soulful musicians.

The Techie Music Insider Thing:

Let’s detour a bit. Picture yourself mixing tracks. The beat drops, and it’s perfection. Now, AI loops in there and you wonder, will it help or mess things up? AI could, theoretically, help spawn new sounds or bring old-school vibes back—without exhausting those late-night creative juices.

I’ve tried a couple of AI tools and, you know, some are alright. They throw out grooves you never knew you had in you, but they cannot replace that moment of genius when inspiration strikes you in the middle of the night.

The Abba Talk:

Björn Ulvaeus, from Abba (cue the ‘Dancing Queen’ echoes), piped into the chat, making it clear he’s all for tech but warns we need to respect creators’ rights. Guys been around and seen trends come and go, so when Björn talks, you listen.

He’s like, ‘AI is rad, but let’s not have it mess up the royalties system.’ Makes sense, right? AI needs human-created music to—it’s like AI needs its breakfast music cereal before conjuring new tunes.

Playing Nicer: Tech and Tunes Together

We can’t turn into tech-hating Luddites just because AI’s moving into our soundscapes. Nope. But a handshake between tech and artistry where everyone’s happy around the jam session? That sounds about right.

Yet, here’s a kicker—none of the big AI firms have struck licensing deals with music rights folks yet. The whole music and tech collab is still a work-in-progress.

The Real Muso Struggle:

Ministry of sound fans, listen up. Cisac’s trying to rally rights for musicians—meaning when you train an AI on existing songs, artists should see some love (read: cash).

Remember, when I first sampled Lennon and McCartney, it wasn’t free—we paid for those vinyl records or cassette tapes (yep, showing my age here). AI’s gotta do the same. Otherwise, musicians will lose out twice—once from their music being used without credit and again from AI-generated music nudging out their original work.

Time to Jam (Responsibly):

I think AI’s set to be just one of the tools in our studio arsenal. Its ability to shuffle things up, inspire unexpected tracks, and help polish rough edges is something worth exploring.

However, if we don’t get this balance right, we might end up pulling a long face when AI DJs dominate our playlists in sneaky ways. And nobody wants a playlist devoid of that raw human touch.

In short, AI in music’s got potential but requires some fine-tuning—kind of like that track you’ve been working on forever. So grab your synthesizer, keep creating, and let’s rock this AI thing, but remember—pay your dues, and keep human creativity at the heart of our melodies.