It’s an early step, but it’s a step forward nonetheless: On Monday an updated Heroes Act, which includes provisions of the $10 billion bipartisan Save Our Stages Act designed to provide financial assistance to independent music and live-entertainment venues across the U.S., was introduced in the House of Representatives.
September, 2020
Plex Sues Streaming Service That Will Run Blockbuster Movies Before Theaters
A new streaming service set to premiere blockbuster movies before they reach theaters is facing legal action. Due to launch on October 2, the Zee Plex “Cinema2Home” platform hopes to pull in large audiences watching from their own homes. However, the use of the word ‘Plex’ is unacceptable to US-based Plex, Inc., which claims that the Zee Plex service is abusing its trademark.
Tokenized art: NFTs paint bright future for artists, blockchain tech
On Sept. 23, auction-house giant Christie’s announced plans to sell its first nonfungible token, or NFT, at an auction. This was just one week after the record-setting $100,000 sale at auction of a digital art piece that also used a blockchain-based token to vest the collector’s new ownership rights. Meanwhile, Anthony Pompliano, Morgan Creek Digital co-founder and partner, wrote on Sept. 21: “I personally believe that the digital art market cap will grow to become larger than the physical art market cap. This may sound ridiculous today.”
Source: Tokenized art: NFTs paint bright future for artists, blockchain tech
‘Monday Night Football’ is More Than a Game for Disney in NFL Rights Scramble
Each “Monday Night Football’ broadcast this season takes place as the NFL and the TV networks that air its games are holding critical negotiations about rights contracts that, if they aren’t renewed, could determine nothing less than the fate of traditional TV itself. To be sure, networks make tweaks and improvements to regular programs all the time, but this season, any changes to gridiron TV take place under a new and intense spotlight.
Source: ‘Monday Night Football’ is More Than a Game for Disney in NFL Rights Scramble
For some Hollywood investors, the pandemic opened new doors
Source: For some Hollywood investors, the pandemic opened new doors
Global SVOD Subscriptions, Revenue To Double By 2025, Big Gains For Netflix, Disney+, Amazon: Study
Netflix, Disney+ and Amazon Prime Video will control half the world’s subscription-video on demand (SVOD) users by 2025, according to a new survey. Research covering 138 countries shows SVOD subscriptions will more than double — to 1,170 million in 2025 from 529 million a year ago, according to Digital TV Research.
Trump’s TikTok Ban Stopped by Judge
A D.C. federal judge is giving TikTok a temporary reprieve from the U.S. government’s rollout of a ban on the popular video app. A partial injunction order came after an emergency court hearing on Sunday. TikTok owner ByteDance had been facing a Sunday deadline to satisfy the Trump Administration’s national security concerns about data scooped up by the Chinese-owned company.
Chernin Entertainment Inks Spotify First-Look Deal to Adapt Podcasts for TV, Film
Peter Chernin wants to spin Spotify’s podcasts into TV and movie gold. Spotify and Chernin Entertainment have formed a multiyear partnership to adapt the audio streamer’s original podcasts for television, film and digital video. Under the first-look deal, the two companies will collaborate 50-50 on investing in developing new projects.
Source: Chernin Entertainment Inks Spotify First-Look Deal to Adapt Podcasts for TV, Film
Artists are missing out on tens of millions of dollars from neighbouring rights. IAFAR is trying to fix the problem.
The trade organization doesn’t collect money for performers and it doesn’t represent neighbouring rights for them. What it does do is every bit as important: offering guidance, education and advice about neighbouring rights for performers and rightsholders, within a community comprised of some of the music business’s biggest names.
Ingrooves has built its own AI music marketing technology – and been granted a patent for it
The patent – which you can read in full through here – is for AI-powered marketing technology. According to Ingrooves, it exclusively secures the company the rights for a proprietary method of using artificial intelligence to “detect significant shifts in audience engagement and identify high-value streaming audiences”.
Source: Ingrooves has built its own AI music marketing technology – and been granted a patent for it