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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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Legal Triggers In NFT Crypto Craze
By Michael A. Mora and Alaina Lancaster
The latest cryptocurrency craze has litigators closely watching from the sidelines. Buyers of digital non-fungible tokens (NFTs) are ready to shell out hundreds of thousands of dollars, sometimes more, but when disputes start to hit the scene, litigators said there is little to no case law as precedent.
Supreme Court on APIs and Fair Use
By Scott Graham
Google didn’t get an answer from the U.S. Supreme Court on whether the Java Application Programming Interfaces (APIs) it copied from Sun Microsystems were copyrightable. But it got just about everything else it could have hoped for in a decision that ended its 11-year copyright clash with Sun's successor, Oracle.
2d Cir. Issues Two Notable Copyright Fair Use Decisions
By Tom McParland
The U.S. Court of Appeals for the Second Circuit recently issued decisions in two closely watched copyright fair use cases involving photographs. In the…
Tax Issues In NY Publicity Right Becoming Descendible
By Sharon L. Klein
While some states, like California, recognize post-mortem publicity rights, New York had extended the right of publicity to living New Yorkers only.
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