Grammy Chief Tackles AI, Streaming's Artist Woes

Panos A. Panay, president of The Recording Academy, is at the forefront of addressing how artificial intelligence and streaming services are reshaping the music industry. His tenure is marked by a critical examination of these technological advancements and their often detrimental effects on artists' livelihoods.

With a background as an agent for legendary musicians, Panay brings a deep understanding of artist development and industry dynamics. He is actively working to ensure artists receive fair compensation in an era dominated by streaming platforms, exploring strategies to secure better deals for creators.

The current landscape sees a resurgence in live music, with record-breaking tours from artists like Beyoncé and Taylor Swift underscoring its significance. Panay observes that this trend is enabling the next generation of artists, such as Sabrina Carpenter, to cultivate genuine connections with their fan bases through engaging live performances.

Furthermore, Panay is championing "RADICAL" ideas aimed at future-proofing the music industry against emerging threats, including the disruptive potential of artificial intelligence. He is also noting the increasing popularity of music across different languages, reflecting a more globalized and diverse music consumption pattern.