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Sports & Entertainment Spotlight: Kobalt Music Publishing will soon finish getting a catalog of 700,000 songs from Facebook and Instagram, but Meta has announced a new ad revenue sharing model for musicians | Foster Garvey PC

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Welcome to the “spotlight”. Rest assured that you’ve taken advantage of central air conditioning, perhaps one of the greatest inventions in human history, to survive the heat wave in New York last week. So I’m feeling the pain of a colleague in the Pacific Northwest. In the Pacific Northwest, air usually does not require adjustment. Seattle clouds and rain are probably pretty good for now. Anyway, for those who want to pierce inside, I have a shameless and shameless nepotist plug for all nine readers out there: my cousin Nina Boom In the garden, the peacock series star “Resort” will debut tonight. If that’s not enough, my cousin Gabriella (Nina’s sister) will be the featured performer of Walker: Independence. In short, Bloom Gardens’ entertainment industry gardens are in full bloom. So, in other words, Jaws’ Chief Brody, “I’ll need a bigger spotlight.”

  • As soon as Kobalt Music Publishing gets a catalog of 700,000 songs from Facebook and Instagram services, Meta Platforms announces that it will finally adopt an advertising revenue sharing model for musicians whose songs are used in user-generated content (UGC). did. Kindness within a social media platform. Assuming this is a bargaining tactic by Cobalt, this is equivalent to removing a person’s friends in B2B, hoping that the person will begin to pay attention. Without the fact that the rights to the song are controlled by Cobalt, it’s a great opportunity to queue NSYNC’s “Bye, Bye, Bye”.
  • Law firms rarely enter into approval contracts with professional athletes. [Redacted]The decision to break the relationship with professional golfers participating in Saudi Arabia-backed organization LIV Golf highlights exactly why it is so rare. Is it even rarer? A law firm that approves another law firm.
  • US sprinter Fred Kerley joins forces with startup sports underwear company CXP. Fingers and toes crossed CXP announcing the tagline “Underwear that moves you.”

End-of-life transactions, sponsorships, investments

Lost Sponsorship of LIV Golfers Shows Risk of Law Firm Approval
July 27, 2022 via Sportico (subscription may be required)
The day after LIV Golf announced that American golfer Jason Kokrak would join the early leagues, Kokurak lost his approval contract with Kozen O’Connor, an international law firm.

US sprint star Fred Kerley invests in sports underwear brand CXP
July 27, 2022 via East Midlands Business News
An emerging sports clothing company founded during the blockade of the coronavirus has signed a deal with new shareholders and advisors to global sprinting superstar Fred Kerley.

Fanatics, Alabama Inc.’s Most Comprehensive College Transactions
July 25, 2022 via Sportico (subscription may be required)
Fanatics has a broad partnership with the University of Alabama. This is the latest contract to cover the company’s rapid expansion into new businesses.

The impact of taxes on NCAA student athletes making money
July 21, 2022 via Yahoo Finance
This is the first grade in which NCAA student athletes were able to make money for their achievements and popularity.


Sports

Pennsylvania State University Retreat in Vintage Brand Proceedings Can Shake Sport Industry
July 25, 2022 via Sportico (subscription may be required)
Trademark law has suspended the renaming of the Washington Commanders and the Cleveland Guardians, and a new court ruling challenges long-standing assumptions about trademark protection for logos, symbols, and other marks that distinguish sports teams.

Stephen Curry Unanimous Media and Talent Resources Sports Host Star Studs Night Presented by FTX
July 22, 2022 via PR Newswire
Stephen Curry and his media company, Unanimous Media, have worked with premier sports marketing agency Talent Resources Sports (TRS) to create a star-studded afterparty.

Public scrutiny expands over planned move to Big Ten at the University of California, Los Angeles
July 22, 2022 via Sports Business (subscription may be required)
The University of California, Los Angeles Board of Directors will review the planned move from the Pac-12 Conference to the Big Ten Conference by the University of California, Los Angeles and publish a public report on the impact of that shift on the rest. Said. Of the UC system.


Music Biz

Music publisher gets a catalog of 700,000 songs from Facebook and Instagram
Channel News July 27, 2022 via Australia
Publishers of works by Foo Fighters, Paul McCartney, Lord, Beck and countless other artists have pulled 700,000 powerful catalogs from Facebook and Instagram after failing to meet royalties. rice field.

Meta shakes music industry with new revenue sharing deal
July 26, 2022 via Techradar
Facebook’s parent company, Meta, has announced a new monetization feature that seeks to share revenue between music artists and content creators on social media platforms.

Former Hendrix bandmate still can’t ax Sony copyright proceedings
July 20, 2022 via Law360
A federal judge in New York has refused to file a Sony copyright proceeding against the late guitarist Jimi Hendrix’s former bandmate over music licensing rights.


Movies

TikTok’s parent company has applied for a trademark for the “TikTok Music” streaming app. This can intensify competition with Spotify and Apple Music.
July 27, 2022 via Markets Insider
TikTok’s parent, ByteDance, has filed a trademark application for a service called “TikTok Music.” This service may have apps for users to buy, play, share and download music.

National Football League’s new streaming service NFL + launches for $ 4.99 / month
July 25, 2022 via CNBC
The National Football League currently has its own streaming service. The NFL, which premieres on Monday, will launch the NFL + for $ 4.99 a month or $ 39.99 a year.

FC Barca is said to sell more TV rights shares to 6th Avenue
July 21, 2022 by Bloomberg Act (subscription may be required)
Barca, a European football club officially known as FC Barcelona, ​​has agreed to sell an additional stake in the team’s LaLiga media rights to private equity firm Six Street, a person familiar with the matter said. Told.

Lacrosse League attracts new money from WWE, Kevin Durant
July 21, 2022 via Bloomberg (subscription may be required)
The Premier Lacrosse League is looking to new tournaments and larger media ambitions, so it has raised new funding with new investors such as World Wrestling Entertainment Inc. and Kevin Durant’s Venture Fund.


Non-fungible token (NFT)

Is the NFT boom over?Trading volume recorded the lowest price in 12 months
July 27, 2022 by cryptographic briefing
The summer of 2021 shows an explosive increase in interest in NFTs. A year later, trading volume in the NFT market declined. Key points NFTs are struggling to maintain the parabolic growth they have experienced in the bull market.

Madonna Guy Oceany in “Ride or Die”, a boring monkey who escaped and her upcoming biography: “No one is going to tell me”
July 27, 2022 via Variety
Madonna became close to the man she called “ride or die,” just as most people form a bond. Midnight outings, long conversations, and not a little prank.

The Biggie Smalls NFT collection sells out in 10 minutes and owners get an unreleased freestyle license
July 27, 2022 via CryptoNews Australia
Christopher Wallace Estate, manager of Notorious BIG’s music, fashion, film and unpublished archives, dropped a collection of NFTs that sold out in 10 minutes.

Bill Murray’s Coinbase NFT Drop provides a blueprint for the launch of future celebrities
July 25, 2022 via Forbes (subscription may be required)
Last week, in collaboration with the CHIVE online community and its branding subsidiary Project Venkman, actor and comedian Bill Murray successfully launched the first drop of his Bill Murray 1000 NFT collection.