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AI music boom may hit artist royalties, warns Fitch Ratings
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Growth in Artificial Intelligence (AI) generated music could gradually weaken demand for artist-created content and impact royalty-backed music intellectual property (IP) asset-backed securities (ABS), cautioned Fitch Ratings
According to Fitch, AI tools are enabling users to create and distribute music at unprecedented speeds, flooding digital service providers (DSPs) platforms and intensifying competition for listener-based revenues.
This trend could eventually reduce royalty payments that support music IP ABS. Big Industry stakeholders says…
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