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IFPI Global Report 2025: Music Revenues Up 5% to $29.6 Billion Amid AI Copyright Concerns
In the IFPI's annual Global Music Report covering the music industry in 2024, revenues jumped 5% to $29.6 billion, though AI copyright issues loom.
The subsequent recovery and decade-long growth of the global record industry is now, however, being placed in jeopardy by tech companies who want to rollback copyright protections to enable them to use music works without a license for training AI systems, caution creators and executives. In the United Kingdom, the government is consulting on proposed changes to copyright law that, if implemented, would allow AI developers to freely use creators’ content for training purposes, unless rights holders “opt out.” That is an incredible market distortion,” said Dennis Kooker, president of global digital business at Sony Music Entertainment, at the report launch in London.
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