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Even with the success of some major tours, the 2010 concert business is turning out to be an economic disappointment. Consumers have long raised concerns over ticket prices and ticket availability, but the currently weak U.S. economy has made these issues more pressing. This article discusses the recent comprehensive changes in New York's ticket resale statute. The detailed law, which is set for further revision next year, touches on many hot-button, ticket resale aspects that in general impact venues, promoters, artists and others in the live event industry.
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In Georgia, the glamorous world of entertainment law has gotten a boost because of tax credits created by the 2008 Georgia Entertainment Industry Investment Act. The law provides tax credits of up to 30% for money spent on production and post-production work done here on films, TV shows, commercials, music videos and even video game development and animation. The law's economic impact has been huge.
Highlights of the latest franchising cases from around the country.
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In a controversial decision, the Third Circuit has ruled that a debtor must comply with the stringent procedural and substantive requirements of 11 U.S.C. ' 1114 to terminate retiree health and welfare benefits that the debtor contractually retained the right to modify at will.
Highlights of the latest franchising news from around the country.
Features
2010 is the 20th anniversary of a landmark U.S. Supreme Court decision that dealt with the copyright renewal-rights dilemma. The case centered on whether actor James Stewart and director Alfred Hitchcock could continue to exploit their classic-thriller movie Rear Window, which was based on the short story "It Had to Be Murder" by Cornell Woolrich.
New federal rules will bring good sense to discovery with respect to expert witnesses. They also serve to emphasize the need to properly organize and preserve Electronically Stored Information using e-discovery experts before and during litigation or arbitration.
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As more beleaguered team owners seek refuge in bankruptcy proceedings, the resulting clash of league interests with fundamental principles of bankruptcy law will result in the development of novel legal and practical solutions for financially distressed sports franchises.