Music industry still has room for improvement in Europe
The International Federation of the Phonographic Industry has presented a report on the European music industry.
The report by the International Federation of the Phonographic Industry (IFPI) takes a look at the challenges and opportunities to "maintain and improve the EU's position in today's global music ecosystem". He notes that the EU is now a globally important place for music, but there is room for further growth. The investments made by record companies have a positive impact on the entire European music industry and contribute to the EU's GDP.
Domestic players are relatively more successful in Europe, according to the report, but the EU "risks falling behind in the most competitive global market ever". In addition, the report shows how the EU institutions could support a thriving music sector and the development of responsible and ethical AI.
The means to achieve this: An anticipation of any national initiatives that could jeopardize the functioning of the digital single market and the ability of the music industry to grow and develop dynamically; stopping the unauthorized takeover of copyrighted content by AI companies and the full enforcement of EU intellectual property rules across Europe.
Original article:
https://www.musikindustrie.de/presse/presseinformationen/ifpi-veroeffentlicht-den-ersten-music-in-the-eu-report
