With Cryptocurrencies and NFTs Continuing to Boom, Financial Regulators Are Clamping Down | Foster Garvey PC

Endorsements, Sponsorships & Investments

The Rise of the Celebrity Beauty Brand
September 9, 2021 by way of Highsnobiety
Skincare and magnificence have been round for many years – centuries, even – with thousands and thousands of manufacturers making merchandise all around the world. With an business valued at $511 billion in 2021, extra individuals are beginning to see money-making alternatives – particularly celebrities. Earlier this week, tennis participant Naomi Osaka revealed her new label KINLÒ – a spread of solar care merchandise particularly designed for melanated pores and skin.

Stephen Curry and Tom Brady Join Cryptocurrency Exchange FTX
September 8, 2021 by way of TechStory
Stephen Curry and Tom Brady have teamed up as soon as extra, this time to assist the cryptocurrency alternate FTX. With the announcement of a long-term relationship on Tuesday, Brady, who could be seen most days on tv commercials with Curry selling Subway sandwiches, was joined as an “ambassador” by the Golden State Warriors Guard.

U.S.SEC Warns Public of Crypto Scams and ICOs
September 8, 2021 by way of CryptoSlate
Crypto frauds are on the rise, in accordance to the U.S. Securities and Exchange Commission’s (SEC) Office of Investor Education and Advocacy (OIEA) and Division of Enforcement’s Retail Strategy Task Force (RSTF). In its not too long ago revealed investor alert, the regulator broke down a few of the most blatant warning indicators of crypto scams.

Jay-Z’s Champagne, Post Malone’s Rosé Among List of Best-Selling Celebrity Alcohol Releases
September 8, 2021 by way of Register Citizen
Drizly’s newest stats additionally embrace actor Nick Offerman’s scotch whisky and Kendall Jenner’s tequila among the many prime superstar launches of 2021.

Looks Like Kanye West’s New Brand Will Be Competing With Kim Kardashian
September 6, 2021 by way of CINEMABLEND
In latest years, Kanye West has targeting increasing his model outdoors of his celebrated music profession. His outcomes have been fruitful to this point with a profitable shoe model and a booming design agency. But West’s newest enterprise transfer might put him in direct competitors along with his estranged spouse Kim. According to E! News, Kanye West might be coming into the house décor house.

The Cannabis Industry Has a Big Problem. Kanye’s Manager Just Joined a Company Fixing It
September 4, 2021 by way of Forbes (subscription could also be required)
Just 3 % of the hashish business’s market share is presently owned by Black folks. Village is a nationwide conglomerate combating for fairness for Black-owned manufacturers, and Kanye West’s supervisor, John Monopoly, simply joined the staff.

Highest-Paid NFL Players 2021: Two Star Quarterbacks Post Records On and Off the Field
September 3, 2021 by way of Forbes – Business (subscription could also be required)
With the common season set to kick off Thursday, a report signing bonus and hefty endorsement offers have helped soccer’s prime stars money in mightily regardless of a free-agency clamp-down.

Film & TV

The Roku Channel Inks Deal for Big ‘Zoey’s Extraordinary Playlist’ Holiday TV Movie
September 8, 2021 by way of CGMagazine
Roku, Inc. and world content material chief Lionsgate right now introduced that an all-new feature-length Roku Channel movie primarily based on Emmy®-winning present Zoey’s Extraordinary Playlist will debut on The Roku Channel this vacation season.

Redbox Picks Up Rights to Morgan Freeman & Cole Hauser Action Movie ‘Muti’
September 8, 2021 by way of Yahoo! News
Redbox Entertainment has picked up North American distribution rights to “Muti,” the action-thriller starring Oscar winner Morgan Freeman (Million Dollar Baby) and Yellowstone star Cole Hauser.

Drake to Collaborate With ESPN on Monday Night Football Music
September 7, 2021 by way of Sportico – Business (subscription could also be required)
Just a few weeks after Drake cryptically revealed the discharge date of his new “Certified Lover Boy” album on ESPN’s flagship program “SportsCenter,” the community has introduced that it’ll work with the celebrity rapper all through all the NFL season to curate music for choose Monday Night Football video games.

Ozy Studios Inks Development Deals With Trio of Transgender Talent
September 7, 2021 by way of Deadline – Hollywood Breaking News
Ozy Studios inked growth offers with three breakthrough transgender artists. They embrace Puerto Rican chef Paxx Caraballo Moll, Alabama-based activist Dan Eggers and mannequin Rosalynne Montoya.

Tottenham Hotspur Teams With Sky on World’s First Net Zero Carbon Soccer Match – Global Bulletin
September 6, 2021 by way of Variety
SOCCER Sky and London’s Tottenham Hotspur, featured within the 2020 version of Amazon Prime Video’s hit “All or Nothing” documentary collection, will work collectively to make the membership’s Sept. 19 fixture in opposition to London rivals Chelsea Football Club the world’s first internet zero carbon main soccer match, forward of subsequent month’s UN COP26 Climate Change Conference in Glasgow.

Kevin Hart and Rich Paul to Produce Bishop Sycamore Docudrama
September 3, 2021 by way of Sportico – Business (subscription could also be required0
Deadline stories that Kevin Hart’s HartBeat Productions is teaming up with youth leisure firm Complex Networks, Klutch Originals and Haven Entertainment on what they are saying would be the definitive documentary collection on one the wildest sports activities story of 2021: the story of Bishop Sycamore High School’s soccer staff.

BBC’s Joan Collins Documentary Scooped by Abacus Media Rights – Global Bulletin
September 3, 2021 by way of Variety
ACQUISITION Abacus Media Rights (AMR) has picked up world distribution rights to BBC Two’s Joan Collins documentary, produced by Salon Pictures and commissioned by Mark Bell at BBC Arts.

Music Biz

Drake’s Certified Lover Boy, Spotify, and the Destruction of the All-Dominant Streaming Superstar
September 8, 2021 by way of Music Business Worldwide
The MBW Review is the place we purpose our microscope in direction of a few of the music biz’s greatest latest goings-on. This time, we crunch the numbers of Drake’s record-breaking launch versus his final record-breaking launch…and ponder what all of it means for the fan-artist relationship.

UK Competition Watchdog Expresses ‘Significant’ Concerns With Sony Music’s AWAL Purchase, Prepares ‘In-Depth Phase 2 Investigation’
September 7, 2021 by way of Digital Music News
Back in May, the UK’s Competition and Markets Authority (CMA) started investigating Sony Music Entertainment’s $430 million buyout of Kobalt-owned AWAL. Now, the federal government company has outlined plenty of “competitors considerations” and given the Big Three report label 5 days to handle the potential hang-ups earlier than the investigation enters a brand new part.

YouTube is Free. But 50 Million People Pay for It Anyways
September 5, 2021 by way of Bloomberg – Top Stories (subscription could also be required)
Four years in the past, I sat subsequent to music mogul Lyor Cohen in Austin, Texas on the annual South by Southwest pageant to talk about YouTube’s plans for a brand new paid music service. I actually solely had one query. How was YouTube going to get anybody to pay to use a product they already get free of charge?

Latrobe dDad, Daughter Develop Song Texting App for iPhone Users
September 3, 2021 by way of Pittsburgh Tribune Review – Top Stories (Pittsburgh, Pennsylvania)
If you’re bored with texting phrases, images and GIFs, a Latrobe father and daughter are hoping you’ll attempt a brand new app they developed that sends track clips. Lyritext launched Sept. 1 within the Apple App Store, providing transient clips from a catalog of greater than 100,000 songs in quite a few genres, from golden oldies to present sounds, from American artists and others all over the world.

Non-Fungible Tokens (NFTs)

Green NFT Platform ‘OneOf’ Partners With Coinbase, Doja Cat
September 8, 2021 by way of Yahoo Finance – Top Stories
OneOf, a “inexperienced” music-focused non-fungible token (NFT) platform on the Tezos blockchain, launched the primary drop of rapper/singer Doja Cat’s genesis NFT assortment, “Planet Doja” Wednesday. OneOf has additionally partnered with Coinbase to enable followers to buy Doja NFTs with bank cards as well as to cryptocurrencies.

Rarible DAO Demos Programmable NFT Royalties Smart Contracts
September 8, 2021 by way of Yahoo Finance – Top Stories
Content creators and artists will doubtless be happy with the information that there’s now an answer for sustaining royalties on non-fungible tokens (NFT) even when a chunk is bought on secondary markets. Rarible DAO has unveiled a system that enables royalties to be programmed instantly into the good contract for non-fungible tokens. Content creators can nonetheless obtain royalties each time their work is resold.

NFT Survey With Over 40,000 Respondents Indicates Americans Trust NFT Investments More Than Britons
September 8, 2021 by way of Crypto News Australia – Top Stories Worldwide
In 2021, two very distinct crypto developments stood out which embrace non-fungible token (NFT) belongings and decentralized finance (defi), as billions of {dollars} in crypto has flooded into these sectors. On September 7, Piplsay, a worldwide shopper analysis platform, polled 30,870 Americans and 9,170 Britons to get some perception on what customers take into consideration NFTs right now. According to the survey, 48 percentof American respondents suppose NFTs are a very good and secure funding.

Investors Need More Than Regulators for Protection
September 7, 2021 by way of Washington Post – Top Stories (subscription could also be required)
If monetary regulators need to proceed defending buyers as new applied sciences like cryptocurrencies and non-fungible tokens proliferate, they will want to give buyers the instruments to defend themselves.

NFTs Are the New Status Symbol for Athletes
September 7, 2021 by way of BitcoinerX
NFT belongings are one of many fastest-rising digital belongings this 12 months, with superstar endorsements and high-profile personalities venturing into these belongings. NFTs have turn out to be probably the most sought-after standing symbols of athletes right now as a result of apart from being uncommon, they’re additionally costly belongings.

The Dream Hollywood Hotel Hops on the NFT Trend
September 6, 2021 by way of Forbes – Business
Hollywood, California is clearly no stranger to cutting-edge nightlife. So when the Dream Hotel opened on this famously vibrant part of Los Angeles 5 years in the past, it wanted to come right. This took the type of various lounge and leisure choices accompanying its 178 fashionable visitor rooms.

Dale Steyn Releasing Limited Edition NFT Collectibles
September 6, 2021 by way of MyBroadband News
South African tempo bowler Dale Steyn introduced on Monday that he’s releasing a set of non-fungible tokens (NFTs) on the OpenSea platform.

Remember NFTs? They’re back, big time
September 5, 2021 by way of CNN – Business
Plenty of ink was spilled earlier this 12 months when buyers, hobbyists and artwork fanatics began frantically shopping for up non-fungible tokens, or NFTs, in one other crypto world craze.

Ether Biefly Tops $4,000 as Upgrade, NFT Momentum Gathers Pace
September 4, 2021 by way of Bloomberg – Top Stories (subscription could also be required)
Ether briefly rose above $4,000 late Friday amid a month lengthy surge round a significant improve, and as demand for non-fungible tokens continues to widen.

Direct-to-Fan NFT Social Network Momento Announces New Partnership with Dapper Labs
September 3, 2021 by way of MENAFN – Top Stories
Momento has partnered with Dapper Labs, the creators of NBA Top Shot and CryptoKitties, to create the primary direct-to-fan social media expertise.

NFTs Boom Anew as DOG Coin Becomes $550 Million Asset Overnight
September 3, 2021 by way of Bloomberg – News (subscription could also be required)
The frenzy for digital art work is breaking new floor as one of many Internet’s best-known memes will get changed into a close to $550 million asset in a single day. The DOG coin —a fraction of the NFT depicting the well-known Doge meme — has doubled in worth in lower than 24 hours.

New NFT by Artist Bitfried Features Kanye West as Jesus, Picasso Style
September 3, 2021 by way of Kane Republican Online (Kane, Pennsylvania)
Crypto By Design introduced the newest NFT entitled Lord Kanye. Featuring Kanye West as Jesus Christ within the model of Picasso, the NFT is now up on Mintable.app with the public sale ending September 9.

Right of Publicity

Alabama QB Bryce Young to Host Podcast for Cowherd’s The Volume
September 8, 2021 by way of Sportico – Business (subscription could also be required)
On Saturdays this fall, University of Alabama quarterback Bryce Young will lead the Crimson Tide as they vie for one more nationwide title. But on Tuesdays this season, Young can have one other position: podcast host.. As a part of a deal the quarterback signed with Colin Cowherd and iHeartRadio’s The Volume podcast community, Young will discuss faculty soccer every week on The Bryce Young Podcast alongside Jake Crain, host of The Volume’s Jboy Show, in accordance to The Hollywood Reporter.

Sac State Athletes Sport New Sponsorships
September 5, 2021 by way of Cal-State Hornet News
As of July 1, 2021, the NCAA has suspended its coverage that beforehand prevented student-athletes from monetizing their very own title, picture and likeness (NIL) in licensing agreements, endorsements and sponsorships. Now, collegiate athlete individuals can financially profit from their NIL in a industrial and promotional context. Whether it’s University of Oklahoma quarterback Spencer Rattler who inked a take care of Raising Canes, or Fresno State basketball guards Hailey and Hana Cavider who partnered with Boost Mobile after attaining fame on TikTok, the NIL coverage is permitting athletes to money in nationwide — even proper right here at Sacramento State.

U.S. Tourism Brands Take Quick Advantage of New Rules to Sign Elite College Athletes to Endorsement Deals
September 3, 2021 by way of Skift Travel News (subscription could also be required)
When the National Collegiate Athletic Association introduced on June 30 that each one athletes beneath its umbrella can be permitted on the very subsequent day to obtain advantages primarily based off of their “title, picture and likeness,” the floodgates opened for collegiate athletes within the United States to lastly earn cash primarily based on their standing as student-athletes. Not surprisingly, a number of corporations wasted little time in inking so-called NIL offers with elite NCAA athletes — together with a rising quantity within the journey business.

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