UMG Secured a Massive Settlement from NBCUniversal After the 2008 Fire — But Shared Nothing Back With Artists

As Universal Music Group faces the specter of dozens of lawsuits stemming from its mishandling of the 2008 Universal Studios fire, another buried fact has surfaced. According to details unearthed by multiple sources, Universal Music Group secured a sizable settlement from NBCUniversal in 2013, based on Universal Studios’ negligence leading up to the 2008 fire.

Source: UMG Secured a Massive Settlement from NBCUniversal After the 2008 Fire — But Shared Nothing Back With Artists

RightsTech Extra

AI Companies Get the Picture

By Paul Sweeting

One of the biggest challenges facing copyright owners in grappling with the rapid development of generative AI technology, apart from a murky legal status, has been market failure, as discussed here in previous posts. The amount of existing material needed to train gen-AI models is so great, and so varied, that gauging the value of any one piece of it to establish a market price for it for licensing purposes is often effectively impossible. One group of rights owners is finding willing buyers among AI companies, however. An active, albeit for various reasons mostly sotto voce market has begun to emerge for the use of images held in large photo archives and by photo agencies and social media platforms, complete with per-unit industry and at least a nod toward creator attribution... Read More >>

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