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Art, Entertainment & Sports Business Organization

Read need-to-know updates, commentary, and analysis on Art, Entertainment & Sports issues written by leading professionals.

Updates for Tax-Exempt Organizations from the Senate Bill

Early on December 2, 2017, the Senate passed the Tax Cuts and Jobs Act (the “Senate Bill”). This blog entry describes certain provisions of the Senate Bill that would have the most significant impact on the nonprofit...more

Sports betting could be fast approaching on the horizon

by Ropes & Gray LLP on

If the Supreme Court rules in New Jersey's favor in Christie v. National Collegiate Athletic Association, states around the country will want to capitalize on opportunities presented by the widespread public interest in...more

Updates for Tax-Exempt Organizations from the Senate Markup to the Tax Cuts and Jobs Act

Over the last several days, there have been significant developments relating to the Tax Cuts and Jobs Act, the pending tax reform legislation in Congress. On Thursday, a detailed summary of the Senate Finance Committee’s...more

A Win for Boston Bruins: Tax Court Sides With Team in Clash Over De Minimis Fringe Benefits

In a recent, decision, the United States Tax Court determined that the pregame meals provided to Boston Bruins players and personnel at away games qualify as a de minimis fringe benefit under Section 274(n)(2)(B) of the...more

Whoomp! There It Is: A Copyright Judgment Creditor’s Final Recovery

by Dorsey & Whitney LLP on

24 years after Tag Team’s hit song “Whoomp! (There It Is)” topped the charts, a long and ugly dispute regarding ownership rights to the song and related copyright infringement damages has been settled in bankruptcy court. The...more

Rules Proposed for Claiming Georgia Musical Tax Credits

by Taylor English Duma LLP on

Rules Proposed for Claiming Georgia Musical Tax Credits - On October 5, 2017, the Georgia Department of Revenue proposed rules for implementing O.C.G.A. § 48-7-40.33, entitled the Georgia Musical Investment Act (“the...more

New Sales Tax Exemption for Georgia Fine Arts Non-Profits

by Taylor English Duma LLP on

On August 21, 2017, the Georgia Department of Revenue released Policy Bulletin SUT-2017-07 providing a sales tax exemption for sales of tickets, fees, or charges for admission to certain fine arts performances or exhibitions...more

Vail Resorts announces sustainability, net zero plan

by PretiFlaherty on

Vail Resorts, Inc. -- the largest ski and mountain resort operator in the world -- has announced a comprehensive sustainability commitment that calls for "zero net emissions by 2030, zero waste to landfill by 2030 and zero...more

Entertainment Litigation Update - May 2017

Ninth Circuit Confirms That “Volitional Conduct” Is Still Required for Direct Copyright Infringement Post-Aereo. Earlier this year, in Perfect 10, Inc. v. Giganews, Inc., 847 F.3d 657 (2017), the Ninth Circuit re-affirmed...more

Navigating the Lifecycle of an Eponymous Brand (Part 3)

In this three-part series, we identified three distinct seasons in the lifecycle of an eponymous brand: (1) Choosing the Brand, (2) Commercializing the Brand, and (3) Legacy of the Brand. In Part 1, we discussed what is at...more

Litigation Alert - "L.A. Lakers Story: When a Family Feud Disrupts the Family Business"

by Porter Hedges LLP on

A family-owned business brings with it a unique set of issues and complicated family dynamics can often result in major difficulties. Sports franchises are not immune. As the NBA playoffs continue (Go Rockets!), the family...more

WIN Wise: Dawn Raids - are you prepared? Our top 10 tips for in-house lawyers

by DLA Piper on

Early on Wednesday morning, while the majority of us were only just beginning our day, some 180 HMRC investigators were deployed to a number of premises pertaining to two prominent English football clubs, including a...more

Squeeze out Litigation isn’t just for the Rich, Famous and Camouflaged

by SmithAmundsen LLC on

Law360 recently reported that the creators of Duck Dynasty were in litigation with the Hollywood production company to whom they sold a controlling interest. The suit alleges the new control group was vilifying the original...more

Virtual legality: Virtual Reality and Augmented Reality - legal issues

by Dentons on

With Newsweek predicting that 2017 will be shaped by Virtual Reality (VR) and Augmented Reality (AR)1 Dentons, as part of its on-going TechTalk series, thought it was timely to examine the legal issues associated with this...more

SEC: Plan to Invest in Hamilton Tickets a Fraud

by Dorsey & Whitney LLP on

People are always searching for the next great thing; the next great innovation; the next great adventure; and the next great investment. Often it is the search for that safe, sure thing return; the one where the investment...more

Brussels Regulatory Brief: December

by K&L Gates LLP on

January will bring some important changes in the internal composition and current leadership of the European Parliament (“EP”). Such changes are expected to shake the EP’s internal life, even without a shift in the general...more

FCPA Compliance Report-Episode 294-Chris Tomlinson

by Thomas Fox on

What are the effects of corruption on the ground in Africa? In this podcast, I visit with Houston Chronicle business columnist Chris Tomlinson who discusses his experiences as a journalist in Africa. ...more

Cantor Gaming Forced to Pony up Millions for AML Violations: What Lessons Can Be Learned from FinCEN’s Latest Enforcement Action...

by Blank Rome LLP on

Action Item: Licensed gaming and other entities required to comply with the Bank Secrecy Act should be aware of this recent FinCEN enforcement action, and they must ensure that their compliance programs address the lessons...more

Red Notice Newsletter - September 2016

Former CEO of Harris Corporation’s Chinese Subsidiary Pays $46,000 to Settle Alleged FCPA Violations; No Charges for Company - On September 13, 2016, the Securities and Exchange Commission (SEC) issued a...more

Eight Is One More Than Enough

by Womble Bond Dickinson on

The observation that “It’s easier to ask forgiveness than it is to get permission” is attributed to early computer programmer Rear Admiral Grace Murray Hopper (1906-1992). (Hopper developed the first compiler for a computer...more

An SEC Offering Fraud, An Attorney and NFL and NBA Players

by Dorsey & Whitney LLP on

The SEC filed another offering fraud action which in part targeted current and former professional athletes. Investors in the scheme included NFL and NBA players. The attorney defendant claims to have tried to purchase a...more

Caesars Back in Bankruptcy Court

by Goodwin on

Caesars Entertainment Operating Co. Inc. (“Caesars”) appeared in bankruptcy court for the third time this year to request that creditors be stayed from seeking an $11 billion dollar judgment against the casino operator’s...more

This Week in FCPA-Episode 16

by Thomas Fox on

In this Week's episode, Jay Rosen and I discuss the following: 1. Matthew Stephenson article on the Global Anti-Corruption Blog on JP Morgan sons and daughters FCPA Enforcement Action. 2. Financial Times Op-Ed Piece on...more

Welcome (Back) to New York: The Empire State Legalizes Daily Fantasy Sports

by Goodwin on

On Wednesday, Governor Andrew Cuomo signed into law S. 8153, a bill authorizing daily fantasy sports (DFS) in the Empire State. The law requires DFS operators to register with the New York State Gaming Commission, pay a 15%...more

ThisWeek in FCPA-Episode 14, the Wolf of Wall Street Edition

by Thomas Fox on

In this episode, Jay Rosen and I talk about the SFO investigation into Unaoil, the forfeiture lawsuit filed in the 1MDB scandal, the possible JP MorganChase sons and daughters FCPA settlement, the new Standard Law School FCPA...more

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