Are Record Companies Buying Artist Catalogs to use in Future AI Projects?
AI creation, AI Music, future of music business, music business
Record companies are adapting to a decentralized music industry by acquiring legacy artist catalogs to leverage AI music creation. This strategy allows them to control royalty streams and use catalogs for training AI, enhancing music production, and securing rights for derivative works. Legal and ethical issues also emerge, prompting careful negotiation for artists.