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“#ZZ Top sells music catalog for $50M to BMG, investment firm” ZZ Top is selling its music catalog to investment firm KKR and record company BMG for $50 million, according to a report. The legendary Texas trio, known for hits like “Legs,” “Cheap Sunglasses” and “Gimme All Your Lovin,’” sold their music interests, which include…
“#Peloton sues Lululemon in battle over bras and leggings” Peloton has sued Lululemon after the athletic apparel maker threatened its own lawsuit over the exercise bike company’s new apparel line. The lawsuit was filed in Manhattan federal court on Wednesday night, 2-1/2 months after Peloton launched its apparel brand following the end of its five-year co-branding relationship with Lululemon,…
“# You shall not pass: Tolkien estate blocks ‘The Lord of the Rings’ JRR Token ” The Lord of the Rings-themed ‘JRR Token’ has met a “bag end” after being forced to shut shop following legal action from the family and estate of the famed series’ author. J.R.R. Tolkien who died in 1973. On Nov….
“# Just buy it: Nike wants to bring sneakerheads into the Metaverse ” Look at your feet. A lot of you (raises hand) are wearing Nikes right now. For the fiscal year ending May 31, 2021, Nike reported its revenue was up 19% to $44.5 billion for the year. But that’s here. What about in the…
“#Music labels clamor to buy pricey Sting and David Bowie catalogs” Major record labels are clamoring to acquire the song catalogs of rock ‘n’ roll icons — and they’re poised to shell out hundreds of millions of dollars to get the deals done. Universal Music Group, the world’s largest record label, which reps the likes…
“# Jack in the Box claims in court FTX US ripped off its character to create ‘Moon Man’ ” Lawyers for major fast food chain Jack in the Box have filed a lawsuit against crypto exchange FTX US for copyright and trademark infringement of its “Jack” mascot. According to federal court documents filed in the…
“# We haven’t even begun to tap into the potential of NFTs ” Earlier this summer, CNN and The New York Times each warned that the nonfungible token (NFT) bubble, fueled by buzz over eye-popping valuations for digital art and interest from collectors, might already be bursting. As the sixth employee at a social media…
“# Nifty News: Nafty launches naughty NFT site, Dutch DJ pushes limits of physical NFTs ” NFT NSFW Nafty, a blockchain firm that produces decentralized NSFW platforms —such as OnlyFans competitor Nafty.TV — launched an erotic-themed NFT marketplace dubbed “NaftyArt” today. NaftyArt aims to provide a platform for erotic artists and adult-content creators to promote…
“# Capturing lost intellectual property revenues with blockchain ” The transition to a more digitalized society based on an information economy has created intense pressure for companies to rethink their intellectual property (IP) management. Intangible assets can represent more than 80% of the value in a firm’s balance sheet, and intellectual property in the United…
“# Minting, distributing and selling NFTs must involve copyright law ” Everyone is wild about nonfungible tokens (NFTs). The first half of 2021 alone saw NFTs from Andy Warhol, NFTs of the code for the World Wide Web, the first-ever Tweet and, of course, the famous $69 million NFT sale of Beeple’s “Everydays.” Whether this…