The Web3 community’s continued interest in the music industry shows little sign of waning, and the love affair is starting to feel mutual. Whether it’s Crypto.com signing a deal with Fantagio, MTV creating a virtual space in Roblox, or the new Muse album being released as a chart eligible NFT, it feels like we still only have our toe in the water of the vast pool of potential use cases for blockchain, the metaverse, cryptocurrency and decentralized organizations.
Source: HODL the Line: The future of Web3 in the music industry
Tech firms’ in-house legal teams will be poring over the detail in the coming months as they figure out how to adapt their policies and procedures to ensure compliance and dodge penalties that can scale up to 6% of global turnover for the more egregious breaches. The rules are intended to drive accountability online by streamlining how platforms and marketplaces must tackle illegal content, goods and services.
Disney is not currently in the market to buy another studio or network, chief executive officer Bob Chapek said. Disney’s biggest content acquisitions came under its previous CEO, Bob Iger. In 2019, the conglomerate closed its $71 billion deal for 21st Century Fox assets, coming after earlier buying Marvel, Pixar and Lucasfilm. At this point, Chapek said, “Our plan is to have all our content creation self-contained.”
Despite a 27.9% rise in digital royalties helped by the growth of subscription streaming, total worldwide collections in 2021 were still 5.3% lower than in 2019. 
