Headlines

Beeple Sold His NFT for $69 Million—But Has a Tough Time Breaking Into the Art World

Mike Winkelmann, the artist known as Beeple, is launching a new project but says fitting into the establishment isn’t easy. “I wouldn’t say the art world has been overly welcoming,” Mr. Winkelman said. “Everyone is taking a cautious approach toward me and NFTs, and I get it because it’s all happened so fast.”

Source: Artist Beeple Sold His NFT for $69 Million—But Has a Tough Time Breaking Into the Art World

Bill Ackman Makes Case for Universal Music Investment, The Future of Music

Much of Pershing Square’s three-hour, 128-slide presentation Wednesday — which included a 15-minute intermission and 45 minutes for financial details and a Q&A session — served as a necessary primer on copyright, intellectual property, the intricacies of royalty payments and the state of music in the age of streaming and smartphones.

Source: Bill Ackman Makes Case for Universal Music Investment, The Future of Music

IFPI, Others From Europe’s Creative Sectors Raise Concerns Over Guidance On Article 17 

IFPI, together with other rights holders in Europe’s creative sectors, have written to the European Commission over concerns that the Guidance on Article 17 of the new Copyright Directive has moved away from the original objective of the Article.

Source: IFPI And 17 Representatives From Europe’s Creative Sectors Raise Concerns Over The European Commission’s Guidance On Article 17 

Antitrust Overhaul Passes Its First Tests. Now, the Hard Parts.

In a marathon session of debate and voting that ran into the early morning on Thursday, the Judiciary Committee advanced five of the six bills, a sign of the growing bipartisan agreement for taking on the tech companies. A handful of Republicans joined the widespread support among Democrats for the bills.

Source: Antitrust Overhaul Passes Its First Tests. Now, the Hard Parts.

American Music Fairness Act Aims to Set AM/FM Radio Recording Fees

Representative Ted Deutch (D-FL) and Representative Darrell Issa (R-CA) are set to unveil the legislation at a press conference tomorrow afternoon, the lawmakers announced in a joint release. Additionally, “artist advocates” including New Jersey-born singer Dionne Warwick and Miami-born Sam & Dave co-founder Sam Moore will appear at the event.

Source: American Music Fairness Act Aims to Set AM/FM Radio Recording Fees

Mandolin, a Livestream Success Story, Wants to Be a Mandatory App for In-Person Fans Now, Too

Mandolin isn’t abandoning the livestreaming on which the company made its name. But the goal of Live+ will be in part to provide in-person concert attendees with a plethora of digital choices before, during and after a show, from ticket sales to meet-and-greet or after-party add-ons to the show, to ordering food and merch online without waiting in line, to getting access at home to replays of shows that are filmed live.

Source: Mandolin, a Livestream Success Story, Wants to Be a Mandatory App for In-Person Fans Now, Too

Twitter To Let Creators Keep 97% Of Revenues From Super Follows, Ticketed Spaces 

Twitter has opened up applications for two recently-unveiled monetization tools: Super Follows and Ticketed Spaces. Super Follows enable creators to sell Patreon-like subscriptions with special perks, while Ticketed Spaces refer to the platform’s Clubhouse clone, Spaces, which enables creators to vend tickets to live audio events.

Source: Twitter To Let Creators Keep 97% Of Revenues From Super Follows, Ticketed Spaces — Until They Surpass $50,000 – Tubefilter

BMG inks licensing deal with gaming platform Roblox

BMG has signed what it describes as a “strategic agreement” with Roblox to “develop new opportunities for BMG artist and songwriter clients.” In other words, BMG has inked a licensing deal with the platform covering recorded music and publishing. According to a media release, the agreement “for future collaboration” follows “the resolution of prior claims” relating to the use of BMG-controlled songs and recording.

Source: BMG inks licensing deal with gaming platform Roblox

Why Are Digital Rights Platforms Not Disrupting the Indie Biz Like They Should?

Prior to the pandemic, platforms such as RightsTrade, Vuulr, Allrites, ProgramBuyer and Mena.TV sought to disrupt long-established ways of doing business in the distribution market — promising to dramatically cut the cost, time and complexity of buying and selling content. Adoption was gradual, to say the least — no platform had managed to significantly disrupt traditional ways of working.

Source: Why Are Digital Rights Platforms Not Disrupting the Indie Biz Like They Should?

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