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Studios' Now-or-Never Choice: Sue AI Companies or Score a Major IP Deal – The Hollywood Reporter

As AI generators like Midjourney are increasingly able to replicate movies frame by frame, it won’t be long until they can re-create the ‘Avengers: Endgame’ with an alternate finale. ....

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AI Threatens to Push Human Fashion Models Out of the Picture

AI Threatens to Push Human Fashion Models Out of the Picture
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WGA Deal and Artificial Intelligence: Studios Could Copyright AI Scripts – The Hollywood Reporter

The agreement allows studios to "reject a use of GAI that could adversely affect the copyrightability or exploitation of the work." ....

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NADA Miami 2021 culminates with strong sales, standout initiatives, and institutional acquisitions

a href= http://www.newartdealers.org target= blank NADA Miami /a , presented by the New Art Dealers Alliance, concluded its 2021 fair on Saturday, ....

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Contract Killers: artist Nancy Baker Cahill challenges the efficacy of the 'smart contracts' behind NFTs with an augmented reality project

Detail from Nancy Baker Cahill’s Contract Killers (2021), animated AR artwork
© 2021 Nancy Baker Cahill. All Rights Reserved.
When in 1985, a Texas jury awarded Pennzoil $10.53bn in damages for getting the short end of the contractual stick, the world learned just how powerful a handshake could be. One year prior in New York, the oil giant had reached an informal, but binding agreement to purchase a large stake in Getty Oil for $5.2bn. Representatives from each company shook hands and the deal was announced. Shortly afterwards, Texaco made a very appealing counteroffer, which Getty accepted, leaving Pennzoil in the lurch. At the time, the verdict was the highest in US history and forced Texaco to file for bankruptcy, all because Pennzoil’s attorneys argued a handshake is a moral commitment, an agreement between two parties, a contract, the breaking of which has repercussions. ....

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