By Gary Symons TLL Editor in Chief The luxury brand Hermès has won a landmark case that will help determine the future of NFT artworks in the United States. A nine-person jury emerged from several days of consideration to name Hermès the victor in a copyright infringement trial. NFT artist Mason Rothschild was also ordered to pay $133,000 in damages to Hermès, … [Read more...] about Update: Hermès Wins Landmark Lawsuit Over ‘MetaBirkin’ NFTs
News & Trends
Crowds Come Back to Nuremberg as Spielwarenmesse Toy Fair Returns
By Allison Watkinson TLL Reporter Following an enforced gap of three years, the Spielwarenmesse trade fair has resumed its place as an international networking event for the toy industry. The Spielwarenmesse trade fair is owned and operated by the trade event organizer and marketing services company, Spielwarenmesse eG. The business-to-business trade fair is intended … [Read more...] about Crowds Come Back to Nuremberg as Spielwarenmesse Toy Fair Returns
Shaky Recovery Continues for Global Box Office Revenues
By Gary Symons TLL Editor in Chief Global cinema box office revenues have bounced back by 27% over 2021, but the $26 billion tally is still far short of pre-pandemic levels. Gower Street Analytics released its final estimate for global box office returns, up to Dec. 31, 2022. The result of $25.9 billion is not only a major drop from pre-pandemic revenues, but also … [Read more...] about Shaky Recovery Continues for Global Box Office Revenues
Authentic Brands Working With Global Citizen to End Extreme Poverty
By Gary Symons TLL Editor in Chief The global brands company Authentic Brands has committed to help Global Citizen's mission to End Extreme Poverty NOW. Global Citizen is the world’s largest international advocacy organization, while Authentic Brands Group is a global brand development, marketing, entertainment, and digital platform. Authentic is also the owner of many of … [Read more...] about Authentic Brands Working With Global Citizen to End Extreme Poverty
North American Toy Revenue Flatlined in 2022
By Gary Symons TLL Editor in Chief A report from NPD Group shows growth in the North American toy sector has stalled, after two record breaking years. “After three record-breaking years for the toy industry, 2022 was a challenging year. U.S. consumers were forced to endure significant economic headwinds stemming from inflation and adverse macroeconomic factors,” said … [Read more...] about North American Toy Revenue Flatlined in 2022
Music Licensing: Is Justin Bieber’s Catalog Worth More Than $200 Million?
Data From Spotify Says Yes By Gary Symons TLL Editor in Chief (Photo of Justin Bieber by Budiey) Justin Bieber has agreed to sell his entire music catalog to Hipgnosis Songs Capital for more than $200 million. Hipgnosis announced the deal via press release, saying it has acquired “Justin Bieber’s 100% interest in his Publishing Copyrights (including the Writer’s Share … [Read more...] about Music Licensing: Is Justin Bieber’s Catalog Worth More Than $200 Million?
Toy Industry Shocker: Hasbro to Lay Off 1,000 Employees
By Gary Symons TLL Editor in Chief US toy and entertainment company Hasbro announced Jan. 26 that it would be restructuring, laying off 15% of its workforce. The news rocked Wall Street analysts, as Hasbro shares dropped sharply in overnight trading after the late day announcement Thursday, and continued its fall on Friday. Hasbro primarily blamed the decline in … [Read more...] about Toy Industry Shocker: Hasbro to Lay Off 1,000 Employees
Who’s News: ZAG Appoints Former Target Exec As VP of Retail Development
By Allison Watkinson TLL Reporter ZAG has appointed veteran retail expert Gaye Dean as the company's new VP of North America retail development. In her new position at Zag, Dean will manage strategic relationships across all tiers of retail throughout North America for the ZAG Heroez brand franchise. Her initial focus will be to work with retailers on this year’s product … [Read more...] about Who’s News: ZAG Appoints Former Target Exec As VP of Retail Development
Who’s News: Former Disney Exec Tapped to Lead UP&E’s Global Strategy
By Allison Watkinson TLL Reporter Universal Products & Experiences has appointed Rafael 'Rafa' Macias to lead the company's global commercial strategies. Macias' newly created position at UP&E is officially titled EVP and global commercial officer of consumer products. In his new position, he will oversee not only strategy, but also consumer products development, … [Read more...] about Who’s News: Former Disney Exec Tapped to Lead UP&E’s Global Strategy
Sustainability: Moose Toys Sets Net Zero Goal For 2040
By Allison Watkinson TLL Reporter The Moose Toys company recently announced its commitment to reducing its greenhouse gas emissions to net-zero by 2040. The Australian toy company has set several long and short term sustainability targets that are in line with the international Paris Agreement. These goals will be verified by the Science Based Targets Initiative (SBTi) … [Read more...] about Sustainability: Moose Toys Sets Net Zero Goal For 2040