How Web3, NFTs & The Metaverse Will Transform Media & Entertainment: A Conversation with Peter Csathy

Welcome to host Peter Csathy's AI & NFT "Quick Takes" episode, where Peter lays out the most critical business and legal developments of the past week in the worlds of generative AI and Web3/NFTs that impact the creative community, media, entertainment and the Arts. Peter goes rapid fire in less than 10 minutes first with the headline AI and NFT stories of the past week - and then gives updates on other key AI and NFT developments that are worth tracking and knowing - because they define the rules of the game (and the winners and losers in it).

Peter is Chairman of Creative Media, a tech-forward media and entertainment legal services and business advisory firm - and works with leading companies and innovators at the cutting edge of AI and Web3. Check out his firm Creative Media, and reach out to peter at peter@creativemedia.biz.

Reach out to host Peter Csathy at peter@creativemedia.biz and follow him on Twitter @pcsathy. Also, check out Peter's entertainment, media and tech-focused legal services and business advisory firm Creative Media. You can also sign up for his free newsletters on Substack - "Fearless Media" (all about the future of entertainment, media and tech) and "AI & NFT Legal Update & Litigation Scorecard" (all about the key legal and business issues and cases to track in the ever-evolving worlds of AI and Web3).

In Peter's last episode, he discussed an example of what’s wrong in the NFT world from the creative community’s perspective - specifically, OpenSea’s prioritization of buyers and sellers over the Creators that built the value of its marketplace in the first place. But in this episode, Peter points to a major Hollywood example of what’s being done “right” and showcases the transformational possibilities uniquely enabled by Web3 and token-gated "digital tickets" (just don't call them "NFTs"!).

Specifically, today March 15th, 2023, token-gated tickets go on sale exclusively on Web3 “chat Super App” OP3N to American Idol creator Simon Fuller’s new motion picture musical titled “The Musical: Welcome To The Night Of Your Life!,” which features his international pop super group Now United. Now United’s rabid fans – significant numbers of whom live in Brazil - will be able to choose amongst three tiers of tickets, each of which unlocks different levels of additional value and experiences. Those fans will then exclusively access the film, soundtrack, and additional benefits exclusively on OP3N.

This is a big deal for the entertainment world of film, television and music for several reasons, which Peter lays out.

As always, you can reach out to Peter at peter@creativemedia.biz. Also check out his media-tech legal services and business advisory firm Creative Media. And follow him on Twitter @pcsathy.

Reach out to host Peter Csathy at peter@creativemedia.biz and follow him on Twitter @pcsathy. Also, check out Peter's entertainment, media and tech-focused legal services and business advisory firm Creative Media. You can also sign up for his free newsletters on Substack - "Fearless Media" (all about the future of entertainment, media and tech) and "AI & NFT Legal Update & Litigation Scorecard" (all about the key legal and business issues and cases to track in the ever-evolving worlds of AI and Web3).

Welcome to Peter's special “urgent” edition of "Fearless Media." We’ve all heard the Silicon Valley Bank headlines. But how did Silicon Valley respond and what does it all really mean now that the Feds have guaranteed all deposits? What should impacted investors and entrepreneurs do now? How can we understand how this happened - and steps each of us should take?  And what does this mean for the entire banking and financial community (and all of us)?

Peter spoke with Silicon Valley-based finance expert James Gowers of finance and accounting services firm Matcha to find out. James has worked for decades with tech startups and is a graduate of Harvard Business School. Many of his clients banked with Silicon Valley Bank, so he has first-hand knowledge of all of it - in the belly of the beast, so to speak.

So take a listen - and reach out to Peter at peter@creativemedia.biz to connect you with James and get his great financial advice and counsel - and reach out to Peter on the legal side to help you navigate the legal waters. And check out his legal services and business advisory firm Creative Media. 

Reach out to host Peter Csathy at peter@creativemedia.biz and follow him on Twitter @pcsathy. Also, check out Peter's entertainment, media and tech-focused legal services and business advisory firm Creative Media. You can also sign up for his free newsletters on Substack - "Fearless Media" (all about the future of entertainment, media and tech) and "AI & NFT Legal Update & Litigation Scorecard" (all about the key legal and business issues and cases to track in the ever-evolving worlds of AI and Web3).

In this special episode, Peter explores leading NFT platform OpenSea's significant recent changes to its resale royalty policy that left many Creators feeling betrayed. Locked in ongoing resale royalties are perhaps THE single most important draw of NFTs to the creative community. Yet, OpenSea changed its rules of the game while the players were still on the field when it announced it was moving to optional creator earnings for collections without on-chain enforcement due to competitive pressures.

OpenSea's abrupt decision means that many Creators who had invested their time and trust in OpenSea now find themselves dependent on the good graces of resellers to pay them their promised resale royalties. And in a nascent Web3 world populated by significant numbers of profit-maximizing speculators, “good graces” can be hard to come by. OpenSea became the villain, as many Creators concluded that OpenSea had reneged on a fundamental tenet of their deal.

Peter spoke with top executives at OpenSea to get their response to Creator criticisms - and he considers those responses, as well as the broader implications of OpenSeas' decision to prioritize its profit-seeking users over the Creators who create the value in NFT marketplaces in the first place.

As always, reach out to peter at peter@creativemedia.biz - and check out his tech-forward media and entertainment legal services and business advisory firm Creative Media.

Reach out to host Peter Csathy at peter@creativemedia.biz and follow him on Twitter @pcsathy. Also, check out Peter's entertainment, media and tech-focused legal services and business advisory firm Creative Media. You can also sign up for his free newsletters on Substack - "Fearless Media" (all about the future of entertainment, media and tech) and "AI & NFT Legal Update & Litigation Scorecard" (all about the key legal and business issues and cases to track in the ever-evolving worlds of AI and Web3).

Welcome to host Peter Csathy's first AI & NFT "Quick Takes" episode, where Peter lays out the most critical business and legal developments of the past week in the worlds of generative AI and Web3/NFTs that impact the creative community, media, entertainment and the Arts. Peter goes rapid fire in less than 10 minutes first with the headline AI and NFT stories of the past week - and then gives updates on other key AI and NFT developments that are worth tracking and knowing - because they define the rules of the game (and the winners and losers in it).

Peter is Chairman of Creative Media, a tech-forward media and entertainment legal services and business advisory firm - and works with leading companies and innovators at the cutting edge of AI and Web3. Check out his firm Creative Media, and reach out to peter at peter@creativemedia.biz.

Reach out to host Peter Csathy at peter@creativemedia.biz and follow him on Twitter @pcsathy. Also, check out Peter's entertainment, media and tech-focused legal services and business advisory firm Creative Media. You can also sign up for his free newsletters on Substack - "Fearless Media" (all about the future of entertainment, media and tech) and "AI & NFT Legal Update & Litigation Scorecard" (all about the key legal and business issues and cases to track in the ever-evolving worlds of AI and Web3).

Welcome to my special 50th episode of my Fearless Media podcast - a special one indeed. I recently hosted an AI-focused round table with guests that included Grammy award-winning artist and musician Alex Ebert (Edward Sharpe), AI artist and data scientist Aya, metaverse creator and influencer Don Allen Stevensen III, and IP attorney and expert Mike Kasdan. The Q&A actually begins at the 6:44 mark after initial introductions.

We discussed the Artist, Creator, Business and Legal implications of it all - and perhaps most importantly, the "Human" implications of it all - in a lively discussion that gets very "real" about how AI impacts all of our jobs and our lives in the Creative Arts (not to mention life in general). Critically, the panel goes deep into the very meaning of "Art" and "Creativity" itself and whether AI ultimately de-values creativity and leads to a morass of artistic mediocrity and conformity. 

Reach out to me, Peter Csathy, with your own stories about this topic - and check out my tech-forward legal and business advisory services firm at creativemedia.biz. I work with leading players in the brave new tech-forward media and entertainment worlds of AI and Web3, among others.

Reach out to host Peter Csathy at peter@creativemedia.biz and follow him on Twitter @pcsathy. Also, check out Peter's entertainment, media and tech-focused legal services and business advisory firm Creative Media. You can also sign up for his free newsletters on Substack - "Fearless Media" (all about the future of entertainment, media and tech) and "AI & NFT Legal Update & Litigation Scorecard" (all about the key legal and business issues and cases to track in the ever-evolving worlds of AI and Web3).

In this special episode, Peter gives an update and overview of the key legal and business issues in the complex and ever-evolving world of NFTs. He also discusses how best to solve for the complexity of international roll-outs where each territory plays by different rules of the game. This episode is for everyone who is in the web3/NFT ecosystem - creators, entrepreneurs, executives, partners, developers, publishers, service providers and platforms (or looking into, or interested in, the world of web3 and NFTs).  Peter is a Harvard Law graduate and former General Counsel of a multi-billion dollar operating division of Universal Studios. He also practiced IP and entertainment law at major law firms. He works deeply in the world of web3 and NFTs, among others. Check out Peter's legal and business services firm Creative Media (and follow Peter on Twitter @pcsathy). Also - subscribe to Peter's "NFT Legal Update" newsletter - the first exclusively focused on the key legal issues in the world of NFTs.

Reach out to host Peter Csathy at peter@creativemedia.biz and follow him on Twitter @pcsathy. Also, check out Peter's entertainment, media and tech-focused legal services and business advisory firm Creative Media. You can also sign up for his free newsletters on Substack - "Fearless Media" (all about the future of entertainment, media and tech) and "AI & NFT Legal Update & Litigation Scorecard" (all about the key legal and business issues and cases to track in the ever-evolving worlds of AI and Web3).

When we think of NFTs, we think of virtual art, collectibles and communities enabled, authenticated and verified on the blockchain. But NFTs can be tied to physical, tangible goods as well via the blockchain - to easily verify ownership of, and authenticate, artworks (like paintings) and just about anything else. And OOD is the first company placing physical and tangible collectibles (artwork, music, media and sports memorabilia like trading cards) front and center and first (rather than as merely an add-on). Co-founder and CEO Mike Bebel, a media-tech pioneer, joins Peter for a fascinating conversation about OOD's new blockchain-enabled, story-driven physical collectibles marketplace - and why it works both with the demand side of the collectible market (collectors) and the supply side (artists, creators, athletes and music, media and sports companies).

Follow Peter Csathy on Twitter @pcsathy
And check out Creative Media, his media, music, entertainment and tech business and legal services venture.

And check out all episodes of "Fearless Media," follow and share episodes.

Reach out to host Peter Csathy at peter@creativemedia.biz and follow him on Twitter @pcsathy. Also, check out Peter's entertainment, media and tech-focused legal services and business advisory firm Creative Media. You can also sign up for his free newsletters on Substack - "Fearless Media" (all about the future of entertainment, media and tech) and "AI & NFT Legal Update & Litigation Scorecard" (all about the key legal and business issues and cases to track in the ever-evolving worlds of AI and Web3).

Forget advertising-driven streaming video business models - and even subscription-based models. At least that's what new web3/NFT blockchain-based streaming film and TV service Rewarded.TV wants. The company has introduced an entirely new "Watch to Earn" business model by which viewers get PAID and rewarded simply for watching. The more they watch, the more they earn. Think this is fantasy? Well, think again. The video games business is already being rocked by its controversial "Play to Earn" model, with notorious game Axie Infinity leading the way. So how should we think about all of this? Real (or not)? Good for the entertainment industry and consumers (or not)? Peter lays out all the "pros" and "cons" in this special episode of "Fearless Media." As always, check out Peter's Creative Media - and follow Peter on Twitter.

Reach out to host Peter Csathy at peter@creativemedia.biz and follow him on Twitter @pcsathy. Also, check out Peter's entertainment, media and tech-focused legal services and business advisory firm Creative Media. You can also sign up for his free newsletters on Substack - "Fearless Media" (all about the future of entertainment, media and tech) and "AI & NFT Legal Update & Litigation Scorecard" (all about the key legal and business issues and cases to track in the ever-evolving worlds of AI and Web3).

Welcome to Peter's 1st "Fearless Media" podcast "QUICK TAKE" - where Peter discusses a hot media/entertainment/tech story in real time. First stop - Netflix - and its recently announced Q1 earnings that were eye-opening to many.

After surprising Netflix's Q1, many think streaming content spending will go down. WRONG! The need for differentiated exclusive content goes UP for media companies to break out of the pack in our increasingly hyper-competitive streaming-driven media world. And FRANCHISE IP is the ultimate weapon. That is where the mega-focus and mega-content dollars will flow via an almost existential "Less is More" content strategy - less sheer volume (fewer titles), but more impact (franchises that immediately grab our attention via instant name and "brand" recognition, and built in audiences). In this special episode, Peter will analyze the forces at work - the numbers that back it up - and the unique power of IP/literary franchises and "brand names" (renowned authors, for example) to change the game and power massive future success across the globe, across all platforms (including emerging new ones), for decades to come.

You can follow Peter on Twitter @pcsathy. And check out Peter's two firms CREATV Media and music-focused Deep Cuts Media.

Reach out to host Peter Csathy at peter@creativemedia.biz and follow him on Twitter @pcsathy. Also, check out Peter's entertainment, media and tech-focused legal services and business advisory firm Creative Media. You can also sign up for his free newsletters on Substack - "Fearless Media" (all about the future of entertainment, media and tech) and "AI & NFT Legal Update & Litigation Scorecard" (all about the key legal and business issues and cases to track in the ever-evolving worlds of AI and Web3).