The movie division has signed a deal with Cinelytic to use the latter’s AI-driven project management system that was launched last year. Under the new deal, Warners will leverage the system’s comprehensive data and predictive analytics to guide decision-making at the greenlight stage.
Facebook says that it takes abuse and misuse of its ‘Rights Manager’ system very seriously. The company sees this type of abuse as one of its main challenges and it spends a lot of time making sure that legitimate content isn’t blocked. The social media giant made these statements in a recent “Article 17” stakeholder meeting at the EU Commission.
With all the glam and glitz of the just-wrapped Golden Globes ceremony giving way to the coming madness of January — TCA! CES! Sundance! NATPE! — Hollywood is bracing for a momentous year ahead. The largest media conglomerates are in the throes of a transition that has been simplistically described as the onset of “streaming wars,” a response to the disruption that has touched every corner of the industry.
About 50% of M&E executives said their company cannot rely on traditional business models to survive the shifting landscapes, according to a new survey by consulting and professional services firm EY. Indeed, 34% of those surveyed indicated that their company will no longer exist in five years unless their business undergoes reinvention.
Using technology to blur the line between the quick and the dead tends to be a recipe for dystopian science fiction, but in this case, it could also mean a lucrative new income stream for a music industry in flux, at a time when beloved entertainers can no longer count on CD or download revenues to support their loved ones after they’ve died. “If you’re an estate in the age of streaming and algorithms, you’re thinking: Where is our revenue coming from?” Brian Baumley, who handles publicity for Eyellusion, said.
The stock photo business is highly competitive, with Getty and its rivals, such as Adobe and Shutterstock, steadily cutting prices to keep market share. But if lower prices have benefited Getty’s customers, they’ve also meant less money for stock photographers, whose once-generous earnings have in some cases fallen to as low as a few pennies per image.
European Union-funded consortium, Bloomen, is exploring blockchain for media such as photos, videos and music. German state-owned broadcaster Deutsche Welle (DW) is one of the founders of the alliance, which is leveraging blockchain for improving content flows and creator remuneration.
Attorneys for Katy Perry and her “Dark Horse” collaborators are demanding a retrial in the copyright infringement case that resulted in a $2.78 million judgment against Perry, Lukasz Sebastian Gottwald (Dr. Luke) and others last July. They claim the plaintiffs failed to satisfy both extrinsic and intrinsic tests of “substantial similarity” between the two tracks and likewise failed to establish that “Joyful Noise” was widely disseminated enough to prove the “Dark Horse” team had access to it.
U.S. media and entertainment companies spent over $120 billion on original content, including movies and TV shows, in 2019, per an analysis conducted by Variety Intelligence Platform. It’s a whopping sum fueled by the increasing investment of players including AT&T’s HBO, which expanded its production of original content by 50%, to 150 hours.
When looking at the implications of this deal, it is clear to both investors and industry insiders that the big winner here, long term, is Tencent. Tencent and its investors know the global recorded music business has been on an upward trajectory thanks to the adoption of streaming and better digital connectivity in emerging territories.