One of 3LAU‘s collaborators has served the artist a lawsuit, claiming she has been under-compensated based on the terms of their agreement. 3LAU has been one of the music industry’s most steadfast purveyors of NFT technologies. As a result of his efforts, his own Ultraviolet NFT offering was met with much excitement, fetching over $11 million at auction and serving as a watershed moment. Now, Luna Aura, his collaborator on “Walk Away,” says she is owed a 50% royalty share of the NFT proceeds pertaining to that track, but instead was met with a $25,000 lump sum offer from 3LAU’s team. Aura’s camp also maintains they were not provided notice of the NFT sale itself and she has not received any revenue thus far, Billboard reports. Scroll to Continue Recommended Articles...
One of 3LAU‘s collaborators has served the artist a lawsuit, claiming she has been under-compensated based on the terms of their agreement. 3LAU has been one of the music industry’s most steadfast purveyors of NFT technologies. As a result of his efforts, his own Ultraviolet NFT offering was met with much excitement, fetching over $11 million at auction and serving as a watershed moment. Now, Luna Aura, his collaborator on “Walk Away,” says she is owed a 50% royalty share of the NFT proceeds pertaining to that track, but instead was met with a $25,000 lump sum offer from 3LAU’s team. Aura’s camp also maintains they were not provided notice of the NFT sale itself and she has not received any revenue thus far, Billboard reports. Scroll to Continue Recommended Articles...
United States-based crypto advocacy group Blockchain Association has come out in support of Ripple Labs amid its ongoing legal battle with the Securities and Exchange Commission (SEC), claiming the case could be very important for the future of the crypto industry. In an Oct. 28 post, the advocacy group announced it will “stand” with the American crypto economy by filing an amicus brief, also known as “friend of the court,” in the SEC enforcement action against Ripple. Nearly two years ago, the SEC announced they were suing Ripple, former CEO Christian Larsen and current CEO Brad Garlinghouse in Dec. 2020 for allegedly raising $1.3 billion through unregistered securities sales through XRP (XRP). “This case, which is just one in a long line of SEC efforts to regulate by enforcement, h...
HipHopWired Featured Video Source: Joseph Okpako / Getty A federal judge has refused to dismiss the case against Ed Sheeran for allegedly lifting elements from Marvin Gaye’s iconic, “Let’s Get It On,” for his 2014 hit, “Thinking Out Loud.” According to Billboard, Judge Louis Stanton said there is “no bright-line rule” for deciding if the combination of simple elements that Sheeran allegedly stole were not unique enough to be covered by the copyright of the iconic Gaye hit. The decision sets Sheeran up to face a jury in the case which was filed by an entity that owns a partial stake in the Gaye hit. Related Stories The case was filed by a company called Structured Asset Sales which owns a one-third stake in the copyrights of Ed Townsend who co-wrote the hit song. David Pullman w...
Amid the fallout of Pollen, the destination events company is now facing a class action lawsuit from former employees, Digital Music News reports. Pollen recently went into administration in the U.K. after receiving droves of complaints from consumers, many of whom allege the company failed to issue refunds for events that had been canceled. The company also drew the ire of a number of its partners, like Drumcode Malta, whose organizers said Pollen’s highly publicized struggles forced them to pull the plug on the festival. As the news circulated, Pollen released a statement attributing its pitfalls to a number of factors, including COVID-19 restrictions and a global economic downtick. The statement arrived days after Live Nation released its Q2 financials, reporting $4.43 billion in ...