Afterparty, a platform aiming to give digital content creators the ability to mint and sell their own NFTs, then offer “token gated” virtual events for The Los Angeles-based company launched in beta in August 2021, and is the brainchild of former Disney exec David Fields.
Source: Afterparty Raises $3 Million To Build NFT Minting, Virtual Events For Content Creators – Tubefilter
Source: News Corp Profit Surges on Gains in Real Estate, Book Publishing, News Media
Through the offering of Security NFTs (S-NFTs), a term coined by Republic to describe a non-fungible digital asset, offered and sold as a “security” (as defined by the Securities Act of 1933 and the Exchange Act of 1934), users are able to invest directly in artists’ music “for as little as $100” via Republic’s platform.
Source: Lil Pump royalty shares sell out in two hours via Opulous partnership, raising $500,000
Paramount Pictures Nov. 4 disclosed third quarter (ended Sept. 30) licensing and home entertainment revenue from movies of $513 million, which was down about 12% from revenue of $584 million in the previous-year period. When including television production, the “licensing and other” segment totaled more than $1.5 billion — up nearly 18% from revenue of $1.28 billion last year.
Source: Paramount Licensing, Home Entertainment Dwarfs Theatrical
Sony is in negotiations to purchase Bruce Springsteen’s recorded-music catalog, three decades after he won it back from the major label. While it is unknown what the asking price is for Sony to acquire complete ownership of his masters — which could mean no longer paying royalties to Springsteen depending on how the deal is structured — Billboard estimates that the albums carry a valuation of between $145 million and $190 million.
Source: Bruce Springsteen In Talks to Sell Recorded Music Catalog to Sony Music
US-based music and media company Create Music Group has acquired Mumbai-based Nirvana Digital, described as one of the largest YouTube Enterprise partners in India. While terms of the deal were not disclosed, Create says that this is the first of a planned $50 million investment the company is making in India and the broader region in Asia over the next several years.
Source: Create Music Group acquires India-based distribution and rights management firm Nirvana Digital
Splash, which arrived on the scene as PopGun in 2017 and launched on Roblox last year, is “developing new ways for people to create, perform and interact with live performances using AI-powered tools and video games,” the company said. Splash enables players to create music, stages, venues, and perform live, with north of 128 million plays to its credit thus far.
Source: Roblox Music-Tech Company Splash Announces $20 Million Series A
The Justice Department has filed an anti-trust lawsuit against to block ViacomCBS’ sale of publisher Simon & Schuster to Penguin Random House, asserting that it would give the enlarged company too much power over the book business.
Source: Justice Department Sues to Block ViacomCBS’ Sale of Simon & Schuster to Penguin Random House
According to John Wolpert, co-founder of TreeTrunk.io and Group Executive of Enterprise Mainnet at Consensys Mesh, the NFT community must find more permanent ways for all artists – not just the famous ones – to make more money. Given this, Wolpert believes in a structure based on a multilevel-marketing approach that will ensure a constant stream of revenue for NFT artists globally.
Source: Beyond the NFT hype: Creating lasting business models for artists
In separate motions filed last month, Amazon and the Big Five publishers argued that a lawsuit accusing them of a conspiracy to fix e-book prices was “illogical” and should be dismissed. But in a lengthy opposition brief filed this week, lawyers for a potential consumer class portrayed their case as the second act of the Apple e-books case, and insisted there is more than enough evidence for the case to proceed.
Source: Lawyers Argue that E-book Price-Fixing Case Against Amazon, Big Five Publishers Should Proceed