It’s unclear which creators have been approached, and whether any subsequent deals would necessitate that creators post exclusively on Reels or not. But interestingly, TikTok just announced a massive $200 million Creator Fund of its own that will look to dole out payments to native creators — though details are still scant on how those funds will be distributed.
The whole idea of a New York City–centric trade publishing industry based on relationships nurtured by long lunches and cemented in Midtown high-rises, already increasingly anachronistic, now seems certain to be more rapidly supplanted. In its place will likely be a more geographically and socially diverse author-agent-publisher ecosystem, enabled by a more expansive communications infrastructure.
We’re starting to see a generation of artists born and raised on TikTok; The Limba, signed to Believe in Russia, is a good example. We’ve taken him to be the largest artist in Russia in the past several months – both on and outside of TikTok – and TikTok was the No.1 reason why he [was able to] reach the top.
What normally happens in Vegas each year in January won’t be in Vegas after all. CES 2021, scheduled to run Jan. 6-9, 2021, will not be held in Las Vegas, the Consumer Technology Association announced. It’s the latest event canceled because of the coronavirus pandemic, which has had a resurgence in the U.S. the past two months.
Tencent Music Entertainment has revealed that 590 million yuan (over $84m) has been paid out to indie artists using its ‘Tencent Musician Program’. Launched three years ago, Tencent Musician is an online service for emerging independent artists to upload their music to TME platforms.
Regulation intended to address the news industry’s problems with Google and Facebook could have adverse consequences, said outgoing New York Times Co Chief Executive Officer Mark Thompson in an interview this week. “My own view is, the more we can get the major platforms to work bilaterally and voluntarily to help support journalism at every level, the better it will be,” said Thompson.
Four months of near zero revenue has brought the $50 billion annual business to its knees. Despite far from ideal circumstances, movie houses say it’s time for new movies. While the beleaguered restaurant industry still has takeout and airlines continue to operate with masked flyers, the vast majority of U.S. movie theaters haven’t punched a single ticket since March.
Disney has taken Mulan off the theatrical release calendar amid the ongoing pandemic and a surge in COVID-19 cases across the U.S. The adventure epic, directed by Niki Caro, had been set to hit theaters Aug. 21. Presently, however, the vast majority of cinemas in the U.S. remain closed. Mulan had previously been scheduled to open in late March and then was pushed to July 24.
Warner Bros. is adjusting its movie production and distribution plans in light of the prolonged shutdown of theaters driven by the coronavirus pandemic, AT&T CEO John Stankey told investors Thursday. Stankey emphasized that the studio still “believes in the theatrical experience” but said it is inevitable that some titles planned for a traditional theatrical will have to shift to streaming platforms including WarnerMedia’s newly launched HBO Max.
When Netflix chief Reed Hastings recorded an audio essay for the BBC last month, one comment stood out within his message of solidarity for an industry besieged by virus disruption: “Throughout the pandemic, we’ve seen our members watching more content from other countries or cultures.”