Headlines: NFTs Gain Momentum As Songwriters Fight for Higher Rates And Fitness Licensing Increases

The legal details of the NFT trend are getting some much-needed attention. Meanwhile, songwriters want a voice in the CRB mechanical rate-setting discussion, and fitness apps become a source of licensing revenue.
June 1, 2021

Copyrights, Royalty Splits & More: 'Ruthless' NFT Market Sparks New Legal Debates (Billboard)

Lawsuits are "coming," says entertainment lawyer Jordan Bromley, who leads the entertainment transactions and finance practice at Manatt, Phelps & Phillips, LLP. "The number of threats being made of litigation is astounding."

Songwriter Groups Want Their Voices Heard on CRB Royalty Rate ASAP (Billboard)

Songwriter groups expressed dismay that if the currently undisclosed settlement rate is the 9.1 cent amount that has been in place since 2006, they would like to object and want a chance to do so publicly and on record before the agency signs off on the settlement.


The growth of this space has also created a significant opportunity for music rightsholders, with music’s role in the remote fitness business becoming so central that instructors are now being compared with the likes of “influencers and DJs”.
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