Cate Blanchett. Credit: Instagram @cate_blanchettofficial
Artificial intelligence (AI) is making headlines again, and this time, the topic is the arts industry.
Recent studies and celebrity voices are shedding light on the profound impact of AI on creative industries. From concerns over economic losses to ethical dilemmas, the future of creatives faces uncertainty.
AI threatens to slash the creative industry’s revenues
A study commissioned by CISAC, the global copyright management organisation, warns that generative AI could reduce global music and audiovisual revenues by over 20 per cent by 2028.
The report, conducted by PMP Strategy, highlights that AI-generated works could drain billions from creative markets, primarily due to the “cannibalisation” of existing artistic records. Music alone could lose $4 billion (€3.81 billion) annually as the report notes, “75 per cent of Netflix viewership is driven by its recommendation engine,” and Spotify now includes and can recommend AI-generated music in its playlists.
Cristina Perpiñá-Robert of Spain’s SGAE commented that creators’ livelihoods are already under threat, stating: “The report confirms that the cultural sector is in a very complicated situation if the work of authors is not respected.”
Despite these challenges, developers of AI technologies are projected to see massive financial gains. The CISAC report calls for urgent global regulation to ensure AI becomes a tool for creative enhancement rather than exploitation.
Kate Nash turns to OnlyFans due to realities of a struggling music industry
British singer Kate Nash recently joined OnlyFans, selling erotic content of her derriere to fund her music tours. Nash highlighted the dire financial state of the industry: “The music industry is failing its artists, and soon it’s going to be failing fans, too.”
Rising costs, coupled with diminishing returns from streaming platforms, have forced even established musicians to seek alternative income streams.
Nash’s move follows similar actions by artists like Lily Allen, who also turned to OnlyFans selling pictures of her feet to regain control over their earnings.
Cate Blanchett voices her concerns on AI’s broader impact
Actress Cate Blanchett has voiced her “deep concern” about AI’s rapid development. Speaking to the BBC, she warned, “AI advancements can totally replace anyone. Forget whether they’re an actor or not.”
While promoting her new apocalyptic comedy Rumours, Blanchett called AI “incredibly destructive.”
Blanchett also emphasised AI’s potential societal impact, stating, “I’m worried about us as a species. It’s a much bigger problem.”
Her remarks underline the ethical and existential questions facing not just artists, but humanity as a whole.
As debates intensify, global attention is turning to how AI-generated content is reshaping cultural industries. Celebrities including Hollywood actress Julianne Moore, Radiohead’s Thom Yorke, and others have united to demand stricter oversight of AI’s use in creative works.
What are your thoughts on AI within the arts industry? Let us know in the comments below.
