- One of the world’s most marketable athletes, Portugal superstar footballer (I’m far more worldly than to say “soccer player”), Cristiano Ronaldo had a viral moment in which he spurned a Coca-Cola product placement in favor of aqua by removing two Coke bottles from the podium at a press conference following a European Football Championship match – but his desire not to be associated with the brand (at least not without compensation) did not actually have the billion dollar financial impact on Coca-Cola as widely reported.
- As Amazon’s MGM Studios acquisition comes under regulatory scrutiny, Netflix notches a point in the streaming wars, signing Steven Spielberg’s production company, Amblin to a multi-production deal to “phone home” over.
- Jay-Z’s 1995 album, "Reasonable Doubt," is again the subject of a lawsuit — this time, with Roc-a-Fella Records suing (and enjoining) its co-founder Damon Dash for allegedly seeking to mint the album as a non-fungible token (NFT). For his part, Dash claims he was only seeking to sell his interest in Roc-a-Fella Records. Most of my "Reasonable Doubt" song title puns from last week are applicable here, so I am not going to repeat them (read: writer’s block).
- Financial services company Robinhood prevailed — for now — against rapper and actor Ice Cube in a lawsuit over the use of his name, image, and likeness together with his song lyric, “[redacted]” in what Robinhood has construed as a company newslett… Never mind. Nothing to see here. Carry on…
Endorsement Deals, Sponsorships & Investments
CBD and Athletes: Heavyweight World Champ and Olympic Gold Medalist Anthony Joshua Is Now Ambassador and Shareholder of Love Hemp Group
June 22, 2021 via Benzinga - Financial News
Anthony Joshua, Order of the British Empire, a British professional boxer, two-time unified world heavyweight champion and Olympic gold medalist is the latest star to join the growing list of celebrities and athletes who are getting into the cannabis and CBD space.
Women Fans Hold Key to Future Sports Revenue Growth, Study Says
June 21, 2021 via Sportico - Business
“Shrink it and pink it” is how Sports Innovation Lab founder and CEO Angela Ruggiero describes the old, unofficial motto of brands and marketers trying to reach fans of women’s sports. Since then, options have exploded for fans and consumers.
Times Are Changing for the Luxury Watch Industry: How Brands Should Respond
June 21, 2021 via Forbes - Top Stories (subscription may be required)
Although some time has passed since the start of the COVID-19 pandemic, businesses are still looking for ways to adapt to the changes that came with it. Be it through innovative content or inventive partnerships, brands are trying to find ways to connect with their consumers in the most relatable way. And the luxury watch industry is no exception.
The Rise of the $10 Million Disc Golf Celebrity
June 21, 2021 via The Ringer
How much can athletes really make in niche sports? A whole lot more than you might think. Disc golfer Paul McBeth set a new standard by signing an eight-figure endorsement contract—and his deal might only be the beginning.
Miley Cyrus Impresses With Kiss Blow For Gucci Fragrance
June 19, 2021 via Inquisitr
Miley Cyrus is impressing both fans and fellow celebrities with her new brand partnership. The 28-year-old singer yesterday (june 18) took to Instagram to confirm she is the new face of luxury Italian designer Gucci, specifically announcing that she's fronting Gucci Flora Gorgeous Gardenia Eau de Parfum.
NASCAR Driver Among First to be Paid in Crypto With Car Sponsor Deal
June 17, 2021 via Sportico - Business
NASCAR driver Landon Cassill and Voyager Digital Ltd. have announced a partnership that will pay Cassill completely in cryptocurrency.
Nike Partners With Pinatex For ‘Happy Pineapple' Vegan Leather Sneaker Collection
June 17, 2021 via Green Queen
Nike is teaming up with Ananas Anam, the company behind the pineapple vegan leather Pinatex, to launch a new plant-based sneaker collection.
No, Ronaldo Didn’t Wipe Billions From Coke’s Value
June 16, 2021 via Sportico - Business
The power of celebrity is on full display at Euro 2020, the European soccer tournament that finally kicked off on June 11 after being delayed a year because of the pandemic. Take Exhibit A: Cristiano Ronaldo, the Portuguese legend who has been the top goal scorer in three of the world’s best leagues. Simply by moving two Coke bottles off a podium at a pre-game press conference Monday and telling attendees ‘Agua!’ Ronaldo wiped billions off of Coke’s market cap — according to multiple media outlets.
Film & TV
Sky Studios Inks Development Deal With Noah Media Group
June 22, 2021 via Rapid TV News
Sky Studios, the pan-Europe production and development arm of pay-TV provider Sky has announced a multi-title development deal with production and distribution company Noah Media Group.
Is Steven Spielberg’s New Netflix Deal a Surprise? It’s Surprising It Took So Long
June 22, 2021 via Exec Review
Did another citadel just fall? Has another general just presented his sword in surrender? Steven Spielberg’s production company Amblin has signed a deal to produce multiple features a year for the streaming behemoth Netflix – which is precisely that small-screen player that Spielberg seemed to be rebuking two years ago.
BLAST Premier Extends DouYu Media Rights Partnership
June 22, 2021 via eSports Insider - CS:GO
CS:GO esports tournament series BLAST Premier has announced the renewal and expansion of its media rights deal with Chinese live streaming service DouYu.
Amazon/MGM Deal to Be Reviewed by Federal Trade Commission
June 22, 2021 via Media Play News
Amazon’s $8.45 billion acquisition of Metro-Goldwyn-Mayer Studio, including the lucrative “James Bond” movie franchise, will reportedly be reviewed by the Federal Trade Commission and its just-confirmed Chair Lina Khan.
LeBron James Puts NBA's Pandemic Business Back in the Spotlight — but the Money Matters Too Much
June 18, 2021 via CNBC - Business News
The biggest star in the National Basketball Association isn’t happy about the current state of the league. LeBron James used social media this week to express his frustration about the injuries the NBA is experiencing during its 2021 postseason.
YouTube Secures a Big Win in the European Union Over Copyright
June 22, 2021 via CNBC
The European Union’s top court on Tuesday (June 22) ruled that Google’s YouTube and other online platforms should not be held liable for copyright-infringing uploads in certain situations.
Music Licensing Marketplace Songtradr Raises $50 Million
June 21, 2021 via Yahoo Finance - Top Stories
Music licensing marketplace Songtradr this morning (June 21) announced a $50 million Series D. The oversubscribed round – which features Regal, Aware Super, Perennial, Argo and Greencape – follows a $30 million raise last August , bringing the Los Angeles company's total funding to north of $100 million.
Warner Music Buys French DJ David Guetta's Music Catalogue
June 17, 2021 via MENAFN - Top Stories
Warner music Group said on Thursday it would buy celebrated French DJ David Guetta's recorded-music catalogue from the last two decades, and sign a new deal with him for future recordings.
Non-Fungible Tokens (NFTs)
Judge Blocks Damon Dash From Auctioning NFT of Jay-Z’s ‘Reasonable Doubt’
June 22, 2021 via New York Daily News - New York
Jay-Z can knock the hustle, a judge ruled Tuesday, blocking record producer Damon Dash’s effort to auction off the copyright of the Brooklyn rapper’s classic debut album, “Reasonable Doubt” as a non-fungible token.
An NFT of Jay-Z’s First Album Has Sparked a Record Label Lawsuit
June 21, 2021 via Business Google News
Roc-A-Fella Records (RAF), co-founded by hip-hop mogul Jay-Z, has sued fellow co-founder Damon Dash for allegedly hawking a non-fungible token of Jay-Z’s 1996 debut album Reasonable Doubt.
Are NFTs Always Bad?
June 21, 2021 via Foreign Policy
What are NFTs, and when did they come into existence? The key to understanding non-fungible tokens is the definition of the term “fungible.” A good or asset is fungible when it is interchangeable with a good or asset of the same type; it is not unique. Currency—from dollar bills to bitcoins—is fungible. Therefore, non-fungible goods are those that are unique.
Club Necaxa Lands $1.5 Million Blockchain Ownership Sale
June 17, 2021 via Sportico - Business
Club Necaxa has sold 1 percent of the Mexican soccer team for $1.5 million, using NFT technology.
Enjin Partners with Virtual Worlds to Mint Photorealistic Digital Replicas of the Egyptian Pyramids as NFTs
June 17, 2021 via Yahoo Finance - Top Stories
Enjin, the leading platform for building NFT-enabled virtual worlds, has announced a new partnership with Virtual Worlds, a company with 20+ years of experience in digitizing historical artifacts.
Right of Publicity
NCAA President Mark Emmert Pushing for Interim NIL Guidelines by July 1
June 23, 2021 via The Atlantic
NCAA president Mark Emmert is pushing for temporary guidance that will allow all athletes to monetize their names, images and likenesses (NIL) until there is federal legislation, according to a memo obtained by The Athletic's Nicole Auerbach.
Supreme Court Rules Against NCAA Over Athlete Compensation: Here's What You Need to Know
June 21, 2021 via Los Angeles Times
The NCAA went to the Supreme Court looking for help in keeping its rules limiting college athlete compensation in place. What it got instead was another significant blow to the amateur ideal and a public admonishment that won’t soon be forgotten.
Supreme Court Rules Unanimously Against NCAA in Alston Case
June 21, 2021 via Sportico - Law
In one of the most significant sports law decisions in United States history, the U.S. Supreme Court on Monday ruled unanimously against the NCAA in NCAA v. Alston. Justice Neil Gorsuch authored the opinion, with Justice Brett Kavanaugh authoring a concurring opinion.
Mark Emmert Calls for Name, Image, Likeness Unity but Legal Challenges Lurk
June 21, 2021 via Sportico - Law
With Congress unable to pass a federal NIL statute by July 1, and with at least six state statutes set to go into effect on that date, NCAA president Mark Emmert on Friday (June 18) emailed university presidents, chancellors, athletic directors and other school officials. He urged the three NCAA divisions to adopt rules that would permit NIL.
Epic Games Avoids Review of Win in Wrestler's Gears of War Suit
June 21, 2021 via Bloomberg Law - News Top Stories (subscription may be required)
Epic Games and Microsoft Corp. won't have to defend a ruling that they violated publicity rights of a former pro wrestler in their video game Gears of War before the U.S. Supreme Court. The game creators sufficiently transformed Lenwood “Hard Rock” Hamilton's persona when they created the Augustus “Cole Train”.
What Does NCAA’s Abandonment of Third-Party Adminstator a Concept Mean for Its NIL Legislation?
June 18, 2021 via Forbes – Business (subscription may be required)
The NCAA has notified its remaining finalists for the Third-Party Administrator, which was meant to assist with the administration of name, image and likeness activities that the organization no longer plans to fill the role.
Is a Famous Face a Form of Intellectual Property?
June 18, 2021 via Hollywood Reporter
A Philadelphia news anchor's fight with digital giants, including Facebook, who hosted an unauthorized image of her in ads, raises novel questions about likeness rights and has drawn the attention of SAG-AFTRA.
Federal NIL Bill Stalls in Congress, Setting Table for July Chaos
June 17, 2021 via Sportico - Law
While the NCAA continues to wait for a U.S. Supreme Court ruling in the Alston case, it gained more certainty Thursday (June 17) as to whether Congress will pass, and President Joe Biden will sign, a federal bill that would provide a national standard for name, image and likeness before July 1.
Ice Cube's Trademark Infringement Lawsuit Against Robinhood Dismissed by Federal Judge
June 16, 2021 via Yahoo! News
A California judge on Tuesday (June 15) dismissed a lawsuit brought by rapper Ice Cube against trading platform Robinhood claiming it used his image to promote its products, without his consent.