In the meantime, to assist go the time, listed here are a few of the different tales I’m spotlighting this week:
Those on the lookout for a final minute Father’s Day reward (you are able to do a lot better than a necktie) could also be purchasing by way of an unlikely platform — Indeed, because the streaming wars rage on, Netflix is popping to client items and reside occasions (keep in mind these?) as a approach of tapping into new income.
Music Management Company, Primary Wave, leveraged its holdings of the tune catalog of the Father of Reggae, Bob Marley (amongst others) to draw vital funding from the newest titan monetary agency so as to add music copyright property to its portfolio. Fitting as a result of Bob Marley is likely to be the one artist that I’d need to be listening to in an effort to “Feel Alright” about writing a $375 million verify.
Blue Ivy Carter’s dad, Jay-Z, filed a lawsuit towards the photographer for the quilt of Jay-Z’s 1996 debut studio album, “Reasonable Doubt,” alleging that the photographer has been illegally profiting off of using Jay-Z’s identify and likeness in prints and merchandise. Although you “Can’t Knock the Hustle” of the photographer, despite First Amendment defenses, he could have some “Regrets” about at the least a few of the works bought for “Dead Presidents.”
Thanks for studying! Catch you all (and hopefully some newcomers) subsequent week! Until then, have an ideal Father’s Day to all of the dads on the market.
Endorsement Deals, Sponsorships & Investments
Nike Super Spikes Are So Fast That Rivals Are Wearing ThemJune 14, 2021 by way of Wall Street Journal – General (subscription could also be required)Brands that pay elite athletes to endorse their sneakers are granting them permission to put on a competitor’s product.
Here Are The Cryptocurrencies These Celebs Have Invested InJune 11, 2021 by way of TheIssuesCryptocurrencies are all the fashion in 2021, and a lot of celebrities have invested in them.
The Funny Way Chris Pratt Is Using His Mother to Promote Amazon’s Tomorrow WarJune 10, 2021 by way of CINEMABLENDChris Pratt turned the conductor of “The Tomorrow War” promo prepare. At occasions, the actor has gave the impression to be extra hyped in regards to the movie than moviegoers. With this sci-fi movie’s launch date solely weeks away, the “Jurassic World: Dominion” star’s promo run has gone into overdrive with a household twist. Pratt shared a humorous endorsement utilizing his mom to advertise Amazon’s “The Tomorrow War.”
15 Celebrities With Multi-Million Dollar Side HustlesJune 10, 2021 by way of TheRichestCelebrities are most frequently skilled and expert in a single space of experience. Whether it’s singing, performing, or one other type of expertise, they skyrocket to fame as a direct results of their distinctive ability in a single explicit discipline. Many of them go on to just accept high-paying endorsement offers, and receives a commission properly to change into the face of one other model. However, different celebrities have a knack for enterprise and develop secondary companies which are all their very own.
Dak Prescott Is Reportedly Leaving Adidas for Jordan BrandJune 10, 2021 by way of Sportico – BusinessDallas Cowboys quarterback Dak Prescott is reportedly making strikes from Adidas, Footwear News experiences. According to ESPN’s Adam Schefter, the professional soccer participant is leaving his longtime ties with the German sportswear model to signal a serious contract with Nike-owned Jordan Brand.
Mastercard Bets on Women’s Rugby With Five-Year Global PartnershipJune 9, 2021 by way of Sportico – BusinessMastercard is getting behind the way forward for ladies’s rugby. The monetary providers large has inked an expansive five-year cope with World Rugby that features changing into the founding international companion of the governing physique’s new Women in Rugby advertising and marketing marketing campaign.
Film & TV
How International Motor Sports Association Races Are Becoming a Key Launchpad for New Consumer Auto LaunchesJune 14, 2021 by way of Forbes – Business (subscription could also be required)The International Motor Sports Association (IMSA), the North American sports activities automotive racing sanctioning physique, has grown in visibility as a result of core fan base curiosity in sports activities automobiles, but in addition with the elevated visibility by way of their community partnership with NBC Sports.
Netflix Has a Plan to Sell You Toys, T-Shirts and Concert TicketsJune 13, 2021 by way of Bloomberg – Top Stories Netflix Inc. has bought greater than 200 million folks a subscription to its streaming service. We’re about to seek out out if it could possibly promote them the rest. Just this week, the corporate introduced a brand new on-line retailer, in addition to plans for a comedy pageant subsequent yr.
Memphis to Build Second Largest Black-owned Film StudioJune 11, 2021 by way of Local MemphisPlans are transferring ahead to construct the nation’s second largest Black-owned movie studio in Memphis.
Big Sky and ESPN Announce Multi-year SettlementJune 9, 2021 by way of AZ Daily Sun NewsThe Big Sky Conference and ESPN introduced a brand new multi-year, multi-platform media rights settlement, including lots of of Big Sky reside occasions to ESPN’s faculty sports activities portfolio.
NBC Bullish on Olympics’ Potential for Record-Setting IncomeJune 15, 2021 by way of Sportico – BusinessNBCUniversal stays bullish on the upcoming Tokyo Olympics, as the corporate’s chief government at the moment, June 15, predicted that the 17-day occasion may very properly be the most important money-maker within the historical past of the Games.
Nine European Soccer Leagues Combine Media Rights Into One Central Package dealJune 15, 2021 by way of Sportico – BusinessA gaggle of 9 European soccer leagues, together with the highest home leagues in Denmark, Switzerland and Norway, are pooling their worldwide media rights within the hopes that promoting a bigger centralized bundle will carry extra eyeballs and extra income.
Music Biz
The Jesus and Mary Chain Latest Artists to Sue Their Former Label Over United States Termination RightJune 15, 2021 by way of Complete Music ReplaceThe Jesus and Mary Chain are the newest artists to check the attain of the termination proper below US copyright legislation by suing their former label Warner Music.
National Religious Broadcasters Tells Congress A Performance Royalty Could Be ‘Financially Fatal’ To Religious RadioJune 14, 2021 by way of Inside Radio – NewsThe National Religious Broadcasters is utilizing its sway with native lawmakers to advocate towards any try to vary federal copyright legislation to create a efficiency proper on using music for over-the-air radio.
Copyright Royalty Board Raises Royalty ChargesJune 14, 2021 by way of Radio Ink MagazineOn Friday, June 11, the Copyright Royalty Board introduced its Web V continuing, which particulars how a lot radio stations can pay in streaming royalties by way of 2025.
Bob Marley Music Owner Attracts $375 Million Investment From Oaktree Lucas Shaw and John J Edwards IIIJune 11, 2021 by way of Yahoo Finance – Top StoriesOaktree Capital Management LP is investing as much as $375 million in Primary Wave Music, an unbiased firm that manages songs from Bob Marley and Whitney Houston, becoming a member of a parade of monetary powerhouses diving into the recording business.
Roblox Confirms Suit by Music Publishers Over CopyrightsJune 10, 2021 by way of Bloomberg Law – News Top Stories (subscription could also be required)Roblox confirms a lawsuit by music publishers, together with Universal Music, alleging that it engaged in copyright infringement by utilizing sure compositions on the Roblox platform with out correct licenses.
Record Labels Sue Frontier For Failing to Terminate Persistent PiratesJune 9, 2021 by way of Torrent Freak15 main recording labels together with UMG, Sony Music and Warner Music have sued United States’ Internet Service Provider Frontier Communications for failing to droop the accounts of shoppers who allegedly downloaded and shared pirated music.
Jay-Z, Timbaland Must Face Singer’s Copyright Suit, Judge SaysJune 9, 2021 by way of Bloomberg Law – Intellectual Property News (subscription could also be required)Jay-Z, Timbaland, and music publishers BMG Rights Management (US) LLC and W Chappell Music Corp. should face a Sixties soul singer’s copyright lawsuit alleging they integrated components of his tune into two hip-hop songs with out his permission, a federal choose in Manhattan dominated.
A Quiet New Apple Music Feature Is A Win For Record LabelsJune 8, 2021 by way of Yahoo Finance – Top StoriesTogether with its excessive profile rollout of Spatial and Lossless Audio to customers on Tuesday, main as much as the launch Apple Music additionally extra quietly unveiled a characteristic final month giving document labels their very own pages the identical approach artists get.
Non-Fungible Tokens (NFTs)
‘Tiger King’ Star Joe Exotic Jumps on NFT Bandwagon From Behind Prison BarsJune 15, 2021 by way of Forbes – Business (subscription could also be required)Joseph Maldonado-Passage—extra generally generally known as the star of Netflix’s “Tiger King,” Joe Exotic—is the newest viral sensation to money in on the non-fungible token (NFT) craze, auctioning off a set of digital and bodily property from federal jail.
Cyber Criminals are Targeting Digital ArtistsJune 15, 2021 by way of IT Security NewsCyber criminals on the lookout for a fast payout and valuables are focusing on digital artists utilizing NFTs (non-fungible tokens), warns safety researcher Bart Blaze.
Armstrong Satellite NFT Launch with Space ForceJune 15, 2021 by way of Financial Buzz – Top StoriesOn June 17, 2021, the United States Space Force (USSF) is scheduled to launch the fifth automobile of its GPS III fleet of satellites, advancing the GPS constellation’s international positioning and navigation providers to army and civilian customers.
Football-focused NFT Platform Plans to Kick Off in Style, With Some Big NamesJune 14, 2021 by way of Cointelegraph – BusinessThis nonfungible token platform specializes on this planet of soccer — and it’s doing issues a little bit in a different way to the various different NFT marketplaces on the market.
Hong Kong’s Latest Tech Unicorn Animoca Brands is Betting Big on Video Game NFTsJune 12, 2021 by way of Yahoo Finance – Top StoriesAnimoca Brands, a tech firm lately valued at greater than US$1 billion, is pioneering the mixing of non-fungible tokens, or NFTs, in video video games.
Five Reasons Why the NFT Hype Might Not FinalJune 9, 2021 by way of Insider Monkey WeblogThe largest hype within the present cryptocurrency market is this idea generally known as a non-fungible token. While trying moderately advanced on the floor, the idea behind them is moderately easy. One can personal the digital rights to a digital product versus proudly owning the bodily merchandise. As a results of this craze, digital artworks have been purchased and bought for colossal costs, making many individuals millionaires within the course of. Nonetheless, it may very well be argued that the NFT craze won’t final. Read on now for 4 key the explanation why.
Is There a Role for NFTs in Travel?June 9, 2021 by way of Phocus WireNon-fungible tokens may current a chance for vacationers to realize clout and for suppliers to attach with their audiences.
Nobel-Prize-Winning Data Is Focus of Berkeley NFT ContestJune 8, 2021 by way of Bloomberg Law – News Top Stories (subscription could also be required)A gaggle of University of California at Berkeley alumni exploring using blockchain expertise to advertise analysis had been the successful bidders in a first-of-its form public sale of digital knowledge associated to Nobel-Prize-winning work on groundbreaking most cancers remedies.
Right of Publicity
Captiv8 Launches Captiv8 Collegiate to Educate Student Athletes on the Influencer Marketing Industry to Prepare for NIL Legislature UpdatesJune 15, 2021 by way of Yahoo Finance – Top StoriesTo assist put together for upcoming main adjustments to collegiate identify, picture, and likeness (NIL) rules, Captiv8 , the main end-to-end influencer advertising and marketing resolution, introduced its newest initative, Captiv8 Collegiate, which wil educate student-athletes on methods to successfully handle their private social-media manufacturers and partnerships.
With NIL Bill Signed Into Law, Texas Poised to Take Advantage of Brand EnergyJune 15, 2021 by way of Horns247The Texas Longhorns have one of many strongest manufacturers on this planet, and that ought to profit them in recruiting transferring ahead. Today, Texas Governor Greg Abbott signed a invoice permitting faculty athletes to revenue off their very own identify, picture and likeness.
Jay-Z Sues Photographer Jonathan Mannion for ‘Exploiting’ Name, Likeness Without ConsentJune 15, 2021 by way of ComplicatedJay-Z is suing a photographer he labored with on one among his most ionic album cowl shoots. As initially reported Tuesday, June 15, by TMZ, Hov claims in a brand new lawsuit that the photographer of the Reasonable Doubt album cowl — Jonathan Mannion — is utilizing his identify and picture with out consent.
Name, Image and Likeness (NIL): What it Means, Why it Matters and How it Will Impact the NCAA and College SportsJune 14, 2021 by way of The Athletic (subscription could also be required)The introduction of identify, picture and likeness (NIL) laws may change the dynamics of faculty sports activities perpetually, and the impression will begin to be felt this summer season.
McCann: What It Was Like to Testify Before the Senate on NILJune 11, 2021 by way of Sportico – LawThis week I had the privilege of testifying earlier than the United States Senate, at a listening to titled “NCAA Athlete NIL Rights,” centering on federal legislative proposals addressing identify, picture and likeness in faculty sports activities.
Congress Urged To Act As States Start Allowing Outside Cash For Student AthletesJune 10, 2021 by way of NPR – Talk of the NationCollege sports activities are about to vary dramatically and Congress must act shortly in an effort to guarantee equity.
Here’s How Wisconsin is Preparing For Its Athletes to be Able to Cash in on Marketing Their BrandsJune 10, 2021 by way of Madison NewsThe switch of energy within the University of Wisconsin athletic division will occur on the identical day that faculty gamers in some states get the ability to market themselves in a foundational change for NCAA sports activities.
Many Colleges Setting up Programs to Help Athletes With EndorsementsJune 9, 2021 by way of Daily ReporterOn July 1, legal guidelines in 5 states will go into impact that may usurp present NCAA rules prohibiting NIL compensation for athletes. As of now, the NCAA is lagging behind on its pledge to “modernize” its guidelines on the topic, however colleges from coast to coast usually are not ready.
Connecticut Becomes Latest to Allow College Athlete CompensationJune 9, 2021 by way of NBC Connecticut – Top StoriesConnecticut has change into the newest state to go laws permitting faculty athletes to make a revenue from their names, photos and likenesses.
Louisiana College Athlete Endorsement Bill Heads to GovernorJune 9, 2021 by way of New Orleans City Business – NewsLouisiana is poised to hitch greater than a dozen different states permitting faculty athletes to earn money from endorsements and sponsorship offers below an effort gaining steam throughout the nation due to the NCAA’s inaction on a nationwide coverage.
Will College Athletes Make Money? Here’s Where the Debate StandsJune 9, 2021 by way of New York Times – Global View (subscription could also be required)College athletes are getting ready to having the ability to earn a living off their fame below coming adjustments to the foundations which have ruled faculty sports activities for greater than a century.
