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.”
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.
The coronavirus crisis has upended the traditional economics of Hollywood, attracting news investors to the film business. As theaters have yet to fully reopen and draw film fans, studios have had to find other ways to release their movies and recoup investments. That has opened the floodgates for deals to sell movies to streamers and for rich individuals in the U.S. and overseas to back film production.
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.
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.
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.
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.
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”.
Hipgnosis Songs Fund hit a major milestone in its native UK last month with its market cap soaring above GBP £1 billion for the first time – just over two years after going public on the London Stock Exchange. Today (September 24), the aggressively acquisitive company, has hit another impressive financial landmark – raising more than £420m ($535m) in the past two months alone.
The causes of unstreamableness vary. For films made before digital distribution existed, it can be unclear who owns streaming privileges. Restrictions on digital use of the music in a film can hold it back. For those who want to release older films in new formats, hunting down rights holders can become a Watergate-like investigation. After decades of mergers and acquisitions, the corporate owner of a film may not even know it’s the owner.