Featured Sports & Entertainment: Kobalt Music Publishing Doesn’t Pull A Catalog of 700,000 Songs From Facebook and Instagram, But Meta Announces Its New Ad Revenue Sharing Model for Musicians | Foster PC Garvey

Welcome back to the “Spotlight”. Rest assured that I used perhaps one of the greatest inventions in human history, central air conditioning, to weather last week’s heat wave in New York. So I feel the pain of my colleagues in the Pacific Northwest, where air typically doesn’t require conditioning. Seattle’s clouds and rain probably sound pretty good right now. Either way, for those trying to hole up in, I have a shameless and blatantly nepotistic grip for all nine readers out there: my cousin Nina Bloomgarden stars in the Peacock series, “The Resort” which debuts tonight. If that’s not enough, my other cousin (Nina’s sister), Gabriela, will be one of the performers featured in Walker: Independence. All of which means that Bloomgardens’ entertainment industry garden is flourishing. So, to paraphrase Jaws’ Brody boss, “you’re going to need a bigger reflector.”

  • As soon as Kobalt Music Publishing pulled its catalog of 700,000 songs from Facebook and Instagram services, Meta Platforms announces that it is finally adopting an ad revenue sharing model for musicians whose songs are used in User Generated Content (UGC) , the first of its kind among social media platforms. Assuming this is a Kobalt negotiation tactic, this is the B2B equivalent of not making friends with a person in the hope that he will start paying attention to them. Now would be a great time to queue up ‘NSYNC’s “Bye, Bye, Bye” were it not for the fact that the rights to that song are being administered by Kobalt.
  • It’s not often that a law firm enters into a sponsorship deal with a professional athlete. [Redacted]The decision to sever ties with a professional golfer joining the Saudi-backed organization LIV Golf highlights precisely why it’s so rare. Even rarer? A law firm approving another law firm.
  • American sprinter Fred Kerley joins forces with a sports underwear startup CXP. We cross our toes and CXP unveils a slogan “underwear that gets you going”.

Offers of endorsement, sponsorship and investment

LIV golfer’s lost sponsorship shows the risks of law firm approvals
27 July 2022 via Sportico (subscription may be required)
The day after LIV Golf announced that American golfer Jason Kokrak would join the fledgling league, Kokrak lost a sponsorship deal with international law firm Cozen O’Connor.

US sprint star Fred Kerley invests in the CXP sports underwear brand
July 27, 2022 via East Midlands Business News
A fledgling sportswear company founded during the coronavirus lockdown has agreed a deal with global sprint superstar Fred Kerley as its new shareholder and advisor.

Fanatics, the Alabama Ink Company’s most comprehensive undergraduate agreement
25 July 2022 via Sportico (subscription may be required)
Fanatics has signed a broad partnership with the University of Alabama, the latest agreement covering the company’s rapid expansion into new businesses.

Tax implications when NCAA student athletes earn
July 21, 2022 via Yahoo Finance
This is the first academic year in which NCAA student-athletes have been able to earn money for their achievements and popularity.


Sports

Penn State’s setback in the vintage brand lawsuit could rock the sports industry
25 July 2022 via Sportico (subscription may be required)
The trademark law has halted name changes for the Washington Commanders and Cleveland Guardians, and now a new court ruling challenges long-standing assumptions about trademark protection for logos, symbols and other brands that distinguish sports teams.

The unanimous media and talented resources of Stephen Curry sports host Star Studded Night Presented by FTX
July 22, 2022 via PR Newswire
Stephen Curry and his media company Unanimous Media along with Talent Resources Sports (TRS), the Premier Sports Marketing Agency, have teamed up to produce a star-studded after-party.

Public scrutiny grows over UCLA’s planned handover to the Big Ten
July 22, 2022 via Sport Business (subscription may be required)
The University of California Board of Regents said it will review the University of California-Los Angeles’ planned transition from the Pac-12 conference to the Big Ten conference and intends to publish a public report on the impact of that change on the rest of the UC system. .


Biz music

The music publisher pulls a catalog of 700,000 songs from Facebook, Instagram
July 27, 2022 via Channel News Australia
Foo Fighters’ publisher, Paul McCartney, Lorde, Beck and countless other artists withdrew his 700,000-copy catalog from Facebook and Instagram after failing to meet royalty terms.

Meta shakes up the music industry with a new revenue sharing deal
July 26, 2022 via Techradar
Meta, the parent company of Facebook, has unveiled a new monetization feature that seeks to share revenue between music artists and content creators on the social media platform.

Hendrix’s former bandmates still can’t get rid of Sony’s copyright lawsuit
July 20, 2022 by Law 360
A New York federal judge refused to initiate Sony’s copyright lawsuit against late guitarist Jimi Hendrix’s former bandmates for music licensing rights, ruling that the discovery of pending jurisdiction could affect the outcome of the lawsuit. but limiting Sony’s offer.


Movies and TV

TikTok’s parent company has filed the trademark of a streaming app “TikTok Music”, which could lead to more 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”. The service may include an app to allow users to purchase, play, share and download music.

The National Football League’s new NFL + streaming service launches for $ 4.99 per month
July 25, 2022 via CNBC
The National Football League now has its own streaming service. In preview Monday, the NFL launches NFL + for $ 4.99 per month or $ 39.99 per year.

FC Barca are said to be selling more shares of TV rights on Sixth Street
July 21, 2022 via Bloomberg Law (subscription may be required)
Barca, the European football club formally known as FC Barcelona, ​​has reached an agreement to sell an additional share of the LaLiga team’s media rights to private equity firm Sixth Street, according to a person familiar with the matter.

The Lacrosse League attracts new funding from WWE, Kevin Durant
July 21, 2022 via Bloomberg (subscription may be required)
The Premier Lacrosse League has raised a new round of funding with new investors including World Wrestling Entertainment Inc. and Kevin Durant’s venture fund ahead of a new tournament and bigger media ambitions.


Non-fungible tokens (NFT)

Is the NFT boom over? Trading volumes hit a 12-month low
July 27, 2022 via Crypto Briefing
The summer of 2021 marked an explosion of interest in NFTs. A year later, trading volumes in the NFT market plummeted. Key Points NFTs are struggling to maintain the parabolic growth they experienced during the bull market.

Madonna in “Ride or Die” Guy Oseary, the bored monkey who walked away and his next biopic: “No one will tell my story but me”
July 27, 2022 via Variety
Madonna approached the man she calls “ride or die” in the same way that most people bond: through nights out, long conversations and not a little mischief.

Biggie Smalls NFT Collection Sold Out In 10 Minutes, Owners Obtain License Rights For Unreleased Freestyle
July 27, 2022 via Crypto News Australia
The Christopher Wallace Estate, the managers of Notorious BIGs’ music, fashion, film and unreleased archives, pulled out a collection of NFTs that sold out in ten minutes.

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

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