A 1.5% stake in the first five albums of A Tribe Called Quest and producer Ali Shaheed Muhammad was sold as an NFT (non-fungible token) on Royalty Exchange NFT, unbeknownst to the band. A third party owned the stake, and the IP sold for 40.191 Ethereum, or the equivalent of $84,765 when the 24-hour sale...Read More
The Walt Disney Company and Fireman’s Fund Insurance are headed to court over a $10M lawsuit by the Fireman insurance company. Fireman claims they are not “on the hook” to cover Disney’s claims to cover the costs of the pandemic’s “Second Wave” and “Holiday Hiatus” in 2020. In part, their disagreement stems from uncertainty about what clause...Read More
Popular youth platform, Roblox, is being sued for $200M by the National Music Publishers’ Association for streaming unlicensed music and trying to hide behind a misinterpretation of the Digital MElliuem Copyright Act. “We are getting more aggressive,” says NMPA president/CEO David Israelite. “Tech companies keep making the same mistake in asking for forgiveness instead of permission.” ...Read More
SAG-AFTRA votes to allow employers to mandate Covid-19 vaccination as a condition of employment. Current “return-to-work protocols” expire June 30 and are being renegotiated by the major companies and unions. In a 75%-25% vote, SAG-AFTRA’s national board of directors approved a “motion that authorizes the union’s staff to approve requests for mandatory vaccination policies in...Read More
Damon Dash is being sued by Roc-A-Fella, the company that he co-founded, for attempting to auction off Jay-Z’s 1996 album, “Reasonable Doubt,” as an NFT. Claiming that the suit is merely a scare tactic, Dash responded, saying that he has every right to sell and was “not attempting to sell any one of Jay-Z’s albums,...Read More
