Global music market grows, calls for AI compensation: industry body

Music revenues rose 6.4 percent, marking the eleventh consecutive year of expansion, according to the International Federation of the Phonographic Industry, which represents more than 8,000 global record labels. Streaming accounted for nearly 70 percent of annual revenue, with paid streaming subscriptions reaching 837 million subscribers worldwide. But the IFPI warned against the increasing threat of AI-generated streams of fake content. "Streaming fraud is theft, plain and simple," the group said in its annual report...