{"id":884361,"date":"2024-12-05T08:14:03","date_gmt":"2024-12-05T02:44:03","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=884361"},"modified":"2024-12-05T09:01:29","modified_gmt":"2024-12-05T03:31:29","slug":"generative-ai-to-cost-creators-23-billion-by-2028-as-market-grows-to-67-billion-reveals-report","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/12\/05\/generative-ai-to-cost-creators-23-billion-by-2028-as-market-grows-to-67-billion-reveals-report\/","title":{"rendered":"Generative AI to cost creators $23 billion by 2028 as market grows to $67 billion; Reveals report"},"content":{"rendered":"<p>Generative AI is expected to lead to significant revenue losses for music and audiovisual creators, according to a study commissioned by CISAC (International Confederation of Societies of Authors and Composers). The study estimates that creators will face a cumulative loss of $23.12 by 2028, with $10 billion in the music sector and $12.61 billion in audiovisual. This represents a loss of 24% of music creators\u2019 current revenues and 21% for audiovisual creators due to the substantial impact of AI-generated works.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Generative AI is expected to lead to significant revenue losses for music and audiovisual creators, according to a study commissioned by CISAC (International Confederation of Societies of Authors and Composers). The study estimates that creators will face a cumulative loss of $23.12 by 2028, with $10 billion in the music sector and $12.61 billion in audiovisual. This represents a loss of 24% of music creators\u2019 current revenues and 21% for audiovisual creators due to the substantial impact of AI-generated works.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-884361","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/884361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=884361"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/884361\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=884361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=884361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=884361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}