This article discusses the value of music in the age of AI and streaming platforms. It explores the concept of Name, Image, and Likeness (NIL) and how it relates to the value of artists like Drake. The article also examines the role of AI-generated content and the importance of authenticity in the digital age. It suggests that a Zero Trust Authenticity approach, similar to zero-trust networking, could be the way forward for content verification.
Main topic: The value of music and content in the age of AI and streaming platforms.
Key points:
1. The value of music lies in the artist's name, image, and likeness, rather than the intrinsic musical value.
2. Streaming platforms like Spotify rely on the number of streams and subscribers for revenue, which means per-stream payments may seem low.
3. Competition in the music streaming industry makes it difficult for new artists to break through, leading to the success of established artists like Drake.
4. Record labels are concerned about AI-generated music and are taking measures to protect their copyrighted songs.
5. The future of content authenticity lies in a zero-trust approach, where verification and attribution become crucial for determining the value of content.
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The revised version of the Protect Working Musicians Act would enable independent musicians to collectively bargain with artificial intelligence developers for fairer rates and terms for the use of their music.
High-profile songwriters are meeting with Congressmen to advocate for legislation protecting musicians' copyrights in the face of the rapid rise of artificial intelligence (AI) in the music industry. The industry wants clear legislation that requires permission from copyright holders to use pre-existing songs to train AI for generating new music.
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