Headlines

Why Fox Is Investing Millions in NFTs and Blockchain Technology

Fox Corp. operates the only one of the four major U.S. broadcast networks that isn’t tied to a major direct-to-consumer subscription streaming play. The company also is the only one among its peers that has launched a dedicated Web3 and NFT division. Those two things are related, says Charlie Collier, CEO of Fox Entertainment.

Source: Why Fox Is Investing Millions in NFTs and Blockchain Technology

How Quentin Tarantino’s Battle to Own ‘Pulp Fiction’ Exposed the Digital Rights Minefield

The rise of NFTs, cryptocurrencies and other Web3 technologies is giving talent and content creators new opportunities to interact with fans, which open entirely new frontiers: Could fans use the intellectual property contained on NFTs to create their own content and ideas? Will artists start to sell their own videos, music and even long-form work directly to their followers?

Source: How Quentin Tarantino’s Battle to Own ‘Pulp Fiction’ Exposed the Digital Rights Minefield

Ready or Not, Here Comes Web3

What is Web3? And perhaps just as important, why did seemingly everyone in entertainment, finance, media and law start talking about it at cocktail parties and mixers as those trappings of pre-pandemic life came back into play? The answer is the only thing that is clear about the world of Web3: Money.

Source: Ready or Not, Here Comes Web3: How the Internet’s Next Evolution Is Shaping Hollywood’s Future

How artists are exploiting lax metadata protections by streaming services

Overlapping metadata entries abound, with the music of two or more artists of the same name often being grouped together on the same artist page, creating an arduous task (both for rightsholders and DSPs) of separating out individual artist catalogs after the fact. But what if tagging the wrong artist pages was not just a headache to resolve but also a money-making scheme?

Source: How artists are exploiting lax metadata protections by streaming services

Netflix, Amazon Prime, Disney+ Subscriptions Fell By 350,000 Last Quarter In UK 

More than 350,000 households ditched subscriptions to the likes of Netflix, Amazon Prime Video and Disney+ last quarter, according to regulator Ofcom’s annual Media Nations UK report, which showed a record year for British high-end TV production. While still high at 19.2M, the proportion of UK households subscribing to an SVoD fell by 1pp to 67% across the quarter.

Source: Netflix, Amazon Prime Video, Disney+ Subscriptions Fell By 350,000 Last Quarter In UK After Record Year For High-End TV Production – Ofcom Report

Prince Photographer Gets DOJ Backing in Warhol High Court Case

The US government backed a finding that an Andy Warhol print used on a magazine cover infringed a photo of Prince, as friend-of-the-court briefs continued to pour into the US Supreme Court on Monday. The brief from the US solicitor general and US Copyright Office criticized the Warhol Foundation’s argument that the print was fair use because the colorized version added new meaning to Lynn Goldsmith’s photo.

Source: Prince Photographer Gets DOJ Backing in Warhol High Court Case

Why NFT Creators and Collectors Can’t Stop Talking About Artist Royalties

The largest NFT marketplaces—including OpenSea, Magic Eden, and LooksRare—honor the royalty amounts set by creators. But some rival upstarts are gaining traction by appealing to NFT collectors that want to flip JPEGs with the lowest possible fees, regardless of the creator’s intent or the social stigma around evading royalties. It’s only a debate because royalties aren’t currently enforceable on-chain with current, widely-used NFT standards.

Source: Why NFT Creators and Collectors Can’t Stop Talking About Artist Royalties – Decrypt

€8.5m Copyright Infringement Verdict Against Vimeo Stands on Appeal 

The Rome Court of Appeal has confirmed that American streaming platform Vimeo must pay €8.5 million in copyright infringement damages to Italian broadcast giant Mediaset. The verdict centers around roughly 2,000 infringing videos that were uploaded to the platform. The Court affirms that Vimeo plays an “active role” and can’t hide behind a safe harbor defense.

Source: €8.5m Copyright Infringement Verdict Against Vimeo Stands on Appeal * TorrentFreak

Almost 60% of Americans’ Entertainment Time Is on Ad-Supported Platforms: Report

Even with the rise of premium subscription video and audio services, content with ads still holds nearly 60% share of the total time U.S. audiences spend consuming entertainment, according to a new study. Looking at total entertainment time, U.S. consumers spend 74% on visual entertainment (i.e., movies, TV shows and video games) and 26% on audio options. Americans spend 88% of their entertainment dollars on visual content, versus 12% on audio.

Source: Almost 60% of Americans’ Entertainment Time Is on Ad-Supported Platforms, Luminate Report Finds

Tencent Music rakes in $315m from music streaming subs in Q2, adds 2.5m paying users

Tencent Music Entertainment, which operates China’s biggest music streaming platforms, ended the second quarter of 2022 with 82.7 million paying music users. Online music streaming subscribers paid RMB 2.11 billion (USD $315 million) for TME’s music streaming services including QQ Music, Kugou Music and Kuwo Music in the quarter to end of June.

Source: Tencent Music rakes in $315m from music streaming subs in Q2, adds 2.5m paying users

Get the latest RightsTech news and analysis delivered directly in your inbox every week
We respect your privacy.