Music companies bet on short formats, AI to hit the right note

Indian music labels are focusing on short-form video platforms and generative AI to drive revenue growth. This shift aims to attract new audiences in the evolving music industry.
Music companies bet on short formats, AI to hit the right note
A What happened
Indian music labels are adapting to the changing landscape of the music industry by focusing on short-form video platforms and generative AI. Executives from major labels believe that these innovations will be crucial for future revenue growth. Platforms like Instagram Reels and YouTube Shorts are becoming increasingly popular, and labels are optimistic about monetization opportunities as these platforms develop advertising-led models. Currently, revenue from short formats is limited, but executives expect this to change. Additionally, generative AI is being utilized to create new videos for older tracks, significantly reducing production time and costs. This approach aims to engage younger audiences by pairing classic songs with modern visuals. The industry anticipates a productivity boost from AI, which could enhance content creation and audience engagement by 2030.

Key insights

  • 1

    Short-form video growth: Labels see short formats as key to capturing new audiences.

  • 2

    AI in content creation: Generative AI is streamlining video production for music tracks.

  • 3

    Revenue-sharing models: Labels expect a shift from lump-sum deals to revenue-sharing.

Takeaways

The strategic focus on short-form content and AI by Indian music labels reflects a significant shift in the industry, aiming to enhance revenue and audience engagement in a rapidly evolving digital landscape.

Topics

Culture & Society Media Technology & Innovation Artificial Intelligence Entertainment Music

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