Company sees long-term earnings potential from popular franchise
It s the music licensing and publishing company s largest deal
Dreamworks It’s not every day that we come across such a unique opportunity as this, North Star Media CEO Jordan Dorfman said of the Shrek catalog. Twenty years after the hit animated film Shrek charmed theater audiences, North Star Media, a Bloomfield Hills-based music licensing and publishing company, has acquired the royalty rights to all of the original music from the award-winning film franchise.
The family-owned company bought the original composition royalty rights in a $2.2 million cash deal at an auction from Royalty Exchange on July 20, North Star President and CEO Jordan Dorfman told Crain s.
NFT Games Like Axie Infinity Raging in Popularity | Have You Heard of NFT Music Like with A Tribe Called Quest Royalty? techtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techtimes.com Daily Mail and Mail on Sunday newspapers.
Share this article UPDATE: Banksy s “Spike” NFT Floats Through Space in Auction Teaser With 50% of the proceeds going to charity.
UPDATE (July 9, 2021): Following the announcement of Valuart’s auctioning of the Banksy
Spike NFT, the artist’s lawyer Jeff Gluck released a statement:
“If Banksy has not given his permission for this NFT, then it could appear to be unauthorized and illegitimate. The rights to create an NFT of an artwork are held by the creator, the copyright holder – not the person who possesses the artwork. If you buy a painting and put it on your wall, you don’t have the rights to then sell an NFT of it. It also seems questionable that Banksy’s name is being used to promote this auction.”
A Tribe Called Quest Not Involved in NFT Sale hypebeast.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hypebeast.com Daily Mail and Mail on Sunday newspapers.
Ali Shaheed Muhammad. Photo by Rachel Murray/Getty Images for Vulture Festival Ali Shaheed Muhammad, one of the founding members of the pioneering hip-hop group A Tribe Called Quest, is speaking out against the sale of an NFT containing the rights to 1.5% of the royalties for their first five albums.
ADVERTISEMENT Muhammad s statement came in response to
Billboard s initial report on the NFT. The token s creator, the music royalties portal Royalty Exchange, wrote in a press release before the sale that the NFT will enable its owner to collect sound recording royalties from the first five studio albums. The release went on to claim that the NFT was created in partnership with A Tribe Called Quest, something Muhammad strongly denied in his July 4 statement noticed by Stereogum. No member of A Tribe Called Quest has entered into any partnership with Royalty Exchange, he wrote. PERIOD!