Impact of Gen AI on the music industry: Ivors Academy response

04 December 2024 - Press release

Roberto Neri, Chief Executive of The Ivors Academy said, "It’s urgent that legislators act. Songwriters and media composers face losing nearly a quarter of their income by 2028 due to Generative AI, while AI companies stand to gain €4bn from the unlicensed reproduction of creators’ works. Transparency, fair pay and control are non-negotiable. Creators must be at the centre of legislative decisions shaping the AI landscape. We urgently need rules that ensure transparency, fair remuneration, consent and control.”