NFTs for copyrights: Why non-fungible tokens could transform who gets paid from music rights

This Thursday (March 18), UK artist Big Zuu is selling 75% of the rights to a song on his forthcoming album, divided up into several different chunks and wrapped up into NFTs. Another Ditto-affiliated act, Taylor Bennett – brother of Chancelor ‘Chance The Rapper’ Bennett – is selling 75% of the rights to an upcoming recording, also through separate NFTs.

Source: NFTs for copyrights: Why non-fungible tokens could transform who gets paid from music rights, and how

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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