Headlines

China Shuts Down All Cinemas, Again

China’s film regulators has slammed the brakes on plans to gradually reopen the country’s cinemas. Over 600 movie theaters across China were given the green light to reopen their doors over the past week, but Beijing’s Film Bureau put out a notice late Friday ordering all theaters to go back into shutdown. No official explanation for the sudden reversal was provided.

Source: China Shuts Down All Cinemas, Again

Over 30K creators joined Patreon this month, as COVID-19 outbreak spreads 

Creative professionals whose livelihoods have been impacted by the COVID-19 outbreak are flocking to membership platform Patreon in record numbers, the company claims. During the first three weeks of March, more than 30,000 new creators launched on the site — a much larger number than usual.

Source: Over 30K creators joined Patreon this month, as COVID-19 outbreak spreads – TechCrunch

Songwriters, Self-Employed Music Workers Eligible for Relief in Federal Stimulus Bill

Songwriters, along with other “gig economy” workers in the music industry ranging from producers to roadies, will be eligible for grants and loans under the $2 trillion stimulus bill passed by the Senate in response to the coronavirus pandemic, the advocacy organizations Songwriters of North America and Nashville Songwriters Association International announced today.

Source: Songwriters, Self-Employed Music Workers Eligible for Relief in Federal Stimulus Bill

The value of music: Hipgnosis’ share price is now HIGHER than it was pre-COVID-19

Like many stocks, Hipgnosis took a hammering as the spread of COVID-19 rose to the top of the global news agenda: from London Stock Exchange close on Friday, February 21 to Tuesday, March 17, the firm’s share price shrunk all the way from £108.00 to £87.50, a fall of 19%. Yet since that March 17 low point, the value of SONG has rocketed back up.

Source: The value of music: Hipgnosis’ share price is now HIGHER than it was pre-COVID-19

Euro Indies Break Theatrical Windows, Launch VOD Strategies Amid Coronavirus Crisis

Independent distributors across Europe, reeling from the cinema closures and government stay-at-home orders, have begun violating the prime directive of Euro art house cinema: They’ve broken the theatrical window. As they do so, they are creating new models for independent distribution that could outlast the current crisis.

Source: Euro Indies Break Theatrical Windows, Launch VOD Strategies Amid Coronavirus Crisis

TuneCore CEO Scott Ackerman steps down, Believe now searching for new head of DIY distribution platform

Scott Ackerman, the long-time CEO of one of the world’s most successful DIY distribution platforms, TuneCore, is stepping down from the role. New York-based Ackerman will vacate the CEO position on April 15. He will stay on as a strategic advisor at the company, reporting to Denis Ladegaillerie – the CEO of TuneCore’s parent, Believe Group.

Source: TuneCore CEO Scott Ackerman steps down, Believe now searching for new head of DIY distribution platform

Cost to Rent a Theatrical Release at Home Is Three Times the Public’s Ideal Price Point 

Studios are making their new and current theatrical releases available for rent on streaming as movie theaters close their doors in the wake of the coronavirus outbreak. But even as consumers say they are watching more content because of the pandemic, the price point on these rentals is more than three times what consumers would prefer to spend.

Source: Cost to Rent a Theatrical Release at Home Is Three Times the Public’s Ideal Price Point – Morning Consult

Introducing the RightsTech Virtual Roundtable

The RightsTech Project is pleased to announce the RightsTech Roundtable, a weekly free webinar that will be part of the Digital Entertainment World Let’s DEW Lunch webinar series.

Each Thursday we will highlight the important news of the week and a deep dive into a critical topic or issue for the RightsTech community featuring expert speakers and presenters.

Stay tuned for launch information. Click here for more information on Let’s DEW Lunch, and on speaking and sponsoring opportunities.

The ‘Blurred Lines’ Case Scared Songwriters. But Its Time May Be Up.

That case and others raised serious questions about the legal protections available for music: When does homage become plagiarism? When does a common chord progression become one songwriter’s property? Songwriters and producers worried that their next hit could make them the target of a lawsuit. But the tide may be changing, after two court decisions this month addressed important aspects of how copyright applies to music.

Source: The ‘Blurred Lines’ Case Scared Songwriters. But Its Time May Be Up.

Olympics Deferral Plucks Feathers From NBCUniversal’s Peacock

The postponement means NBCU won’t have the Olympics to help it market its Peacock service this summer, and this is a big blow for a new service that would have benefitted from reaching an audience as big as the Olympics’. In January 2020, Comcast described the Tokyo Olympics as a “massive promotional opportunity.”

Source: Olympics Deferral Plucks Feathers From NBCUniversal’s Peacock

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