Because of the complex licensing landscape, many music startups find themselves in a catch-22 situation: they cannot commit the cash for a content license without proving the traction of their business models, but cannot actually have the opportunity to show that traction without the right content.
On Tuesday, CryptoKitties revealed that it would spin out of its developer, Axiom Zen, and had raised $12 million in a Series A funding round led by the early Facebookinvestor (Andreessen Horowitz) and early Twitter believer (Union Square). Both are experienced investors in the crypto space.
Worldwide, users made a total of 300 billion visits to internet piracy sites last year, up 1.6% from 2016, according to antipiracy consulting firm Muso. But while illegal streaming and downloads of TV shows and music increased in 2017, film piracy actually declined, Muso’s analysis showed.
In an effort to push certain music users toward its long-promised new subscription service YouTube will increase the number of ads that those users see between music videos. Thus, anyone attempting to use YouTube as a conventional streaming service will find themselves reminded more of an ad-heavy radio station.
BASCA wants to make sure that music publishers reward songwriters by following the lead of major labels who recently pledged to share in any financial benefits from Spotify’s forthcoming direct listing. Similar calls are being made for music publishers to equitably share Facebook licence advances with the writers they represent.
“No Postage Necessary,” a romantic indie comedy coming this June, will be the first film to be to be released with the help of blockchain technology. Viewers will be able to buy the film through the blockchain-based video app Vevue, and pay for it with the app’s digital currency.
CFO Barry McCarthy, who held the same title at Netflix, reckons the company will take advantage of a little-known fact about streaming economics: the longer a person subscribes to a service like Spotify, the more profit can be coined off their custom.
In a patent application released March 8 by the U.S. Patent and Trademark Office, the Silicon Valley tech company described a method for using a blockchain for downloading the rights to digital images, one it believes is unique enough to be a protected invention.
The Australian government is continuing to bring its copyright laws into line with technology advancements, seeking feedback on whether there is ‘general support’ on flexible exceptions such as fair use.
As a global streaming platform, Netflix wants worldwide distribution rights — and increasingly is willing to fund the total cost of a show in order to grab ownership. But Netflix’s deal terms mean it’s getting less and less likely that producers can count on receiving ancillary revenue streams.