Media +Technology Intelligence
NFTs are a growing trend in the games industry, with publishing heavyweights like EA and Ubisoft investing in the volatile and environmentally dangerous cryptocurrency sector. Speaking to Stephen Totilo for Axios, Xbox’s Phil Spencer expressed concern over the movement. Source: Xbox boss Phil Spencer says NFT game plans ‘feel more exploitive than about entertainment’ | VGC
Miramax is suing director Quentin Tarantino over his plans to sell exclusive Pulp Fiction NFTs, which could be worth millions of dollars. The movie studio argues that it holds the rights to sell NFTs. Tarantino stands accused of copyright and trademark infringement as well as breach of contract, for which Miramax requests damages. Source: Miramax Read More …
Universal Music Group and Authentic Brands Group have announced a strategic initiative to acquire and actively manage artist brands, including names and likenesses. UMG Chairman/CEO Lucian Grainge said, “UMG and ABG have strong track records as powerful stewards of artist and celebrity brands. Through this initiative, we will invest in name and likeness rights to Read More …
Music companies are thrilled that streaming has become reliable revenue. Now, they’re considering what comes next — including the metaverse. The metaverse picks up where streaming leaves off. WMG CEO Stephen Cooper described the difference between traditional streaming and the metaverse in terms of interactivity. With traditional streaming, labels and digital service providers push music to listeners, Read More …
The company has introduced a new service for artists to distribute their music directly into the music libraries of social media platforms including TikTok, YouTube, Facebook, Instagram, and Reels. Dubbed ‘Social Platforms’, TuneCore says that its new service is “a first of its kind,” whereby artists can distribute their music to social media networks “as a pre-step” Read More …