A new study from Global Strategy Group (GSG) reveals that only 42 percent of Americans polled believe content creators should be compensated when AI uses their work. Additionally, only 12 percent of respondents say they would trust companies that rely on AI more than those that depend on people.
Source: Just 42% of Polled Americans Think Artists Should Be Compensated When AI Uses Their Music
Freeport—a platform and community gallery for tokenized fine art—is auctioning the famed pop art icon’s work as its first-ever collection. A four-piece curated set of original Andy Warhol screen prints is now available from the platform, ranging in price from about $20 to $78 per share, based on the piece. The selection includes original, signed screen prints of Warhol’s “Marilyn” (1967), “Double Mickey” (1981), “Mick Jagger” (1967), and “Rebel Without a Cause” (1985).
Source: You Can Own a Share of a Famed Andy Warhol Print for Just $20—Kinda – Decrypt
A grimy, looping, un-Human Centipede, spewing out money towards drug gangs, people-trafficking operations, and God knows what else at the dog-end of civilization. Is that the kind of music business you signed up for? Because it’s the one you’ve got. The news that tracks created on “anyone can do it!” AI music app Boomy were being deleted by Spotify for suspected streaming fraud should have surprised precisely no one.
Source: The Boomy/Spotify streaming fraud debacle proves ‘pro-rata’ must go – urgently.
Storied auction house Sotheby’s took its years-long embrace of Web3 a step further on Monday, launching a portal on its Sotheby’s Metaverse platform where secondary NFT artwork sales are conducted peer-to-peer and fully on-chain. The addition to the Sotheby’s Metaverse platform, which initially went live in October 2021, features support for NFT artwork minted on Ethereum and scaling network Polygon.
Source: Sotheby’s Launches On-Chain NFT Marketplace for Secondary Art Sales – Decrypt
Writers Guild of America leaders have called this an “existential” moment, contending that compensation has stagnated despite the proliferation of content in the streaming era. “Writers at every level and in every genre, whether it’s features or TV, we’re all being devalued and financially taken advantage of by the studios,” said Danny Tolli, a writer whose credits include Roswell, New Mexico and the Shondaland show The Catch.
Source: Writers, Seeking Pay Change for the Streaming Era, Prepare to Strike
CinemaCon, the annual exhibition industry showcase that is unfolding this week in Las Vegas, couldn’t be happier about the shift in strategy. John Fithian, the head of the National Association of Theatre Owners, the trade group behind the show, touted the new state of play during his speech to the convention, while praising Apple and Amazon for embracing the big screen with movies like “Air” and the upcoming “Killers of the Flower Moon” and “Napoleon.”
Be it bringing a second life to an old Fleetwood Mac classic to breaking new acts like Bella Poarch who’s amassed 100 million followers, the speed and suddenness at which hits happen on TikTok excites fans but exposes an industry pain point. The sluggishness of the payment system that follows success. For artists and songwriters, this time lag has real consequences.
Source: The algorithm is your new boss
Independent companies now command a combined 27.1 percent share of the global publishing market – or a larger piece of the pie than Sony Music Publishing, according to a new report. According to the document, which cites Music & Copyright data, the Big Three labels’ publishing units had an estimated total market share of 59.9 percent at 2021’s end.
Source: Indies Now Make Up 27.1% of the Music Publishing Sector: Report
BMG has announced that it is fully integrating its new release and catalog recordings businesses. In doing so, the company claims to have become the first global music company to abandon what it calls “the outdated industry distinction” between new i.e ‘frontline’ and older i.e ‘catalog’ recordings. BMG says that the move reflects “the new reality of a streaming market in which older catalog recordings account for up to three-quarters of revenue”.
Source: BMG integrates frontline and catalog recordings businesses
Netflix’s famous red envelopes are headed to the recycling bin of history. The company announced the shutdown of the DVD-by-mail business Tuesday ahead of its first-quarter 2023 earnings report. Since 1998, according to the company, it has mailed out more than 5 billion DVD and Blu-ray rentals to subscribers across the U.S. The final Netflix DVDs will be shipped out on Sept. 29, 2023, according to co-CEO Ted Sarandos.