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Bookmark or Share- COVID-19 is taking gaming and esports to the next levelThe global video game market is forecast to be worth $159 billion in 2020, around four times box office revenues ($43 billion in 2019) and almost three times music industry revenues ($57 billion in 2019). The biggest market by revenue is Asia-Pacific with almost 50% of the games market by value. North America accounts for a quarter of revenue.
- 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 ...
- Infographic: How does the world consume music? - The World Economic Forum64% of respondents consume music on internet-based platforms Image: Visual Capitalist. This internet-heavy metric is being reflected on the business side as well, with 75% of the music industry’s revenues in the U.S. coming from streaming. However, for artists, streaming revenue is usually the third-biggest earner after live performances and ...
- 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.
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