Tuesday, 16 January 2018
Kodak recently announced the release of KODAKOne and KODAKCoin. KOKDAKOne is essentially a licensing and tracking platform for digital photographs. Kodak states:
Utilizing blockchain technology, the KODAKOne platform provides continual web crawling to monitor and protect the IP of the images registered in the KODAKOne system. Where unlicensed usage of images is detected, the KODAKOne platform can efficiently manage the post-licensing process to reward photographers.
Kodak also states that “KODAKCoin allows participating photographers to take part in a new economy for photography, receive payment for licensing their work immediately upon sale, and sell their work confidently on a secure blockchain platform.” We may be moving closer to a system of “pay first use later” instead of a “use first pay later” system with changes in technology and regulation. Additionally, the prospect of less “leakage” in the system of intellectual property that may actually benefit innovation and other values such as free speech may be at risk. It will be interesting to see if less leakage and perhaps more payment to some creators will lead to more creativity and innovation. That's the goal, right? Kodak’s stock tripled on the announcement of the programs.
Thursday, 11 January 2018
The members of the IP Finance blog team from time to time venture out to the speaking arena to share their thoughts. A little bird has told me that fellow IP Finance blogger, Neil Wilkof, will soon be making an (increasingly) rare visit to London, where he will be giving two public lectures. For those readers who are in the London area, the subjects to be discussed might be of interest.
The first presentation, "Changing Commercial Circumstances, IP and the Revenge of the Common Law", will take place on January 23rd at 18:00 at King's College (details here).
The second presentation, "Branding and Co-Branding: How Much Do They Really Contribute to Innovation," will take place on January 25th at 16:30 at UCL (details here).
Wednesday, 10 January 2018
Accounting Today reports that Whitney Houston has settled with the tax authority in the United States, the Internal Revenue Service (IRS), concerning mostly the value of her intellectual property, particularly the right of publicity, and royalties. The IRS's valuation was around $22 million. The parties settled for $2 million. Michael Jackson's estate has been embroiled in a similar problem with the IRS, here. For more on valuation of the right of publicity for estate tax purposes, see Sara Zherhi's article on the subject in Harvard's Journal of Sports and Entertainment Law (be sure to check the new tax law in the United States).