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China-based titan Tencent Music Entertainment (TME) has been expanding its international reach for the past several years. With online music, live-streaming and karaoke services, TME’s 2020 revenues were $4.5 billion (live-streaming and karaoke accounted for 72% of this) with a market capitalization of $51.8 billion. As part of its expansion, TME and its parent company Tencent Holdings now own a 20% equity stake in Universal Music Group and 10% of Warner Music Group in the United States.
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By Stan Soocher
Can the settlement of a lawsuit by one profit participant in a TV production be used to increase the contingent compensation provisions of other profit participants in the show?
In-House Counsel Perspective on Negotiating Social Media Influencer Contracts
By Chris O’Malley
With the FTC amping up its scrutiny in the social media influencer space, in-house counsel has an opportunity to mitigate risk and help their companies get more bang for their influencer marketing buck.
Pursuing AI Programmers and Third Parties over Alleged Rights Violations Caused by AI Software
By Jonathan Bick
Because AIs are capable of causing harm but cannot be a legal entity, they are not held accountable by court action. Several current and future possibilities exist to resolve AI difficulties. Current options involve identifying indirect liability. Future options include but are not limited to changing the law to make an AI a legal person and/or changing the law to make AI programing an ultra-hazardous activity.
By Entertainment Law & Finance Staff
Notable recent court filings in entertainment law.
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