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Bookmark or Share- This is how AI is impacting – and shaping - The World Economic ForumKate Whiting. Generative AI tools exploded into the mainstream in 2023, prompting Hollywood strikes as creative industries tried to navigate a potentially augmented future. Artists, musicians and content creators joined discussions at the World Economic Forum’s Annual Meeting in Davos on how to navigate a creative future with AI.
- This is how COVID-19 is affecting the music industryThe effects of coronavirus on the music industry. 1. Sales and streaming. In the wake of the pandemic, physical sales, which represent a quarter of recorded music revenues, are down by about one-third – unsurprising given the closure of retail stores – while digital sales have fallen around 11%.
- 6 ways AI is likely to disrupt the entertainment industryHere are six ways the technology could disrupt the entertainment industry. 1. Digital avatars. A growing number of start-ups are betting on the future of AI-generated avatars, or “digital humans”. These avatars could be used to rapidly create promotional or educational content from a plain text script, for example.
- Music sales hit new record thanks to surge in streaming | World ...The global music industry is on a roll, posting record revenues for 2021, up by 20%. Growth was driven by a surge in streaming which now accounts for 65% of sales. Sales of CDs and vinyl records grew for the first time in 20 years, with vinyl sales increasing by over 50%. Harry Styles’s latest song, 'As It Was', has set a new Guinness World ...
- 4 things to know about the future of media and entertainmentMobile will increase its share of internet access across revenue. Image: PwC's Global Entertainment and Media Outlook 2021-2025, Omdia. 3. Live experiences will live on. It’s no secret that the pandemic hit live and in-person entertainment experiences hard and the live music business – almost entirely shut down in most countries around the ...
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