Hollywood director, cult classic film and major production company – the stage was set for a truly breakthrough debut performance as a US Court was poised to wade into the milieu of intellectual property issues that arise from non-fungible tokens. However it looks like this area of law will have to wait a little longer for its moment in the spotlight, with Miramax and Quentin Tarantino settling their dispute which caught international media attention.
Source: Miramax and Tarantino settle Pulp Fiction NFT dispute leaving NFT IP issues in valley of darkness
Los Angeles-based B2B music licensing company Songtradr has launched a new tech solution called Smart Sync, which it calls “an advanced technology to track, control, and monetize music catalogs”. This digital rights management technology allows labels, publishers, and production music libraries to manage their music for global sync across platforms including YouTube, Facebook, Instagram, and TikTok.
A court in California has ruled in favor of US performance rights organization SoundExchange in its lawsuit against Slacker, Inc. and parent company LiveOne in the US over unpaid royalties owed to creators and rights owners. SoundExchange in June sued Slacker, a music platform that offers free and subscription-based access to licensed songs via music stations, accusing the firm of failing to pay statutory royalties to creators in 2017.
Earlier this month, leading music publishers and streaming giants including Spotify released an unredacted version of their Phonorecords IV settlement. But songwriter organizations then called for the disclosure of any “side” agreements, and the Copyright Royalty Board (CRB) has now ordered the parties to shed light upon deals related to (but not included in) the core settlement.
IMPALA, which represents 6,000 music companies, is calling for increased digital income as industry revenues lag behind pre-streaming highs. Next, the 22-year-old organization called for the industry and European governments “to focus on growing the ‘investment stream,’” or “the term IMPALA uses for the financial resources and knowhow which labels make available for nurturing new talent and projects.”
After more than 80 years operating, in effect, as a not-for-profit organization, BMI has decided to transform itself into a for-profit commercial enterprise. This move comes on the heels of BMI — aka Broadcast Music Inc. — hiring Goldman Sachs to explore strategic opportunities earlier this year.