Royalty Payments
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Big Win For Mineral Rich States In Court, Can Collect Past Dues On Royalty
The Supreme Court today allowed mining-rich states to collect past dues on royalties from mining companies. The court ordered that states can impose levies with effect from April 1, 2005 and the payments will be staggered in 12 years.
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Oppo, Nokia Resolve All Pending Patent Disputes via Cross Licencing Deal
Nokia announced on Wednesday that it had signed a 5G patent cross-licensing deal with Chinese smartphone maker Oppo that resolves patent litigation between the companies. As part of the agreement, Oppo will make royalty payments, along with catch-up payments to cover the periods of non-payment as part of the cross-licencing deal.
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Warner Bros. Is Trying to Bring Christopher Nolan Back Following Their Break-Up
Warner Bros. is trying to woo back Christopher Nolan, following their split in 2021. In an interview, Warner Bros. Pictures co-CEO Michael De Luca expressed his desire to get the filmmaker back into the fold, who jumped ship to Universal Pictures to create Oppenheimer. The report also mentions that Nolan received a seven-figure royalty cheque somew...
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Spotify Removes Many AI-Generated Songs After Universal Music Noted Suspicious Bot Activities
Spotify, in an attempt to control the proliferation of computer-generated music on its platform, removed seven percent of the songs published by AI music company, Boomy. Universal Music reached out to Spotify recently, pointing out that bots could have been deployed to bring more listener counts to Boomy’s songs.
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Karnataka HC Rejects Xiaomi's Petition Challenging $676 Million Asset Freeze by ED: Report
Karnataka High Court has rejected China-based Xiaomi Corp's petition challenging the seizure of $676.35 million (roughly Rs. 5,500 crore) by the Enforcement Directorate, news website Live Law reported on Friday.
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OpenSea Mandates Creator Royalties on NFTs Following Community Outcry, Details Here
OpenSea has decided to support the rights of NFT artists and creators to earn royalties from the sales of their digital collectibles. OpenSea had decided to revisit its royalty payment requirement after it witnessed a decline in its sales revenues in recent times.
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OpenSea Rolls-Out Plan to Help NFT Artists Enforce Creator Fee Payments
OpenSea has shared what it calls a "thoughtful, principled approach" to NFT royalties, including the rollout of a system that would let creators of new projects blacklist certain marketplaces that do not require traders to pay royalties.
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Xiaomi India Misled Deutsche Bank for Years on 'Illegal' Royalty Payments, Documents Show
Xiaomi India misled banker Deutsche Bank for years, by claiming it had an agreement for payment of royalties when it had none, according to legal documents. One of Xiaomi's four bank accounts in India frozen by the ED is at Deutsche Bank. The company denies wrongdoing and approached an Indian court arguing its payments were legitimate and that the ...
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Spotify Active Users Rose to 465 Million in Q3 2022, Says Profit Margins Squeezed by Slow Advertising Growth
Spotify on Tuesday reported that profit margins were lower than expected, as the streaming service blamed "some softness in advertising," currency fluctuations and retroactive royalty payments to songwriters and music publishers. Premium subscribers, who account for most of the company's revenue, grew 13 percent to 195 million, while the number of ...
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Google Payments to Ireland Outfit Not Royalty, Not Subject to Withholding Tax, ITAT Says
Google India payments to Google Ireland were not royalties and not subject to withholding tax, the Income Tax Appellate Authority (ITAT) said on Friday. The order was passed by the Bengaluru bench of the ITAT, which set aside its 2018 order and said that such transfer of money was not a royalty.
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Oppo India Issued Notice for Evading Customs Duties Worth Rs. 4390 Crore, Government Says
Oppo India evaded customs duty worth 4,390 crore, according to an investigation by the Directorate of Revenue Intelligence, according to the government. The Chinese smartphone manufacturer wrongfully used duty exemptions for items imported for use in mobile phone production, according to evidence uncovered by investigators. Oppo also allegedly made...
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Beijing Urges India to Treat Chinese Firms Fairly After Xiaomi Threat Claim
China on Monday urged India to ensure Chinese companies operating in India were not discriminated against, after Xiaomi Corp said its executives there had faced threats of violence during questioning over alleged illegal remittances.
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ED's Seizure of Xiaomi India Assets Worth $725 Million Said to Be Put on Hold by Indian Court
An Indian court is said to have put on hold a federal enforcement agency's decision to seize $725 million from local bank accounts of China's Xiaomi for suspected violations of foreign exchange laws, according to sources.
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Apple Sued by Ericsson Again Over 5G Patent Licensing for iPhone
Ericsson has filed another set of patent infringement lawsuits against Apple in the latest salvo between the two companies over royalty payment for use of 5G wireless patents in iPhone.
-
Spotify Launches Site to Explain How It Pays Artists Amid Demands for Per-Stream Payments
Spotify on Thursday launched a new site to explain how it pays royalties amid mounting anger from musicians struggling to survive in the streaming era.
-
Big Win For Mineral Rich States In Court, Can Collect Past Dues On Royalty
The Supreme Court today allowed mining-rich states to collect past dues on royalties from mining companies. The court ordered that states can impose levies with effect from April 1, 2005 and the payments will be staggered in 12 years.
-
Oppo, Nokia Resolve All Pending Patent Disputes via Cross Licencing Deal
Nokia announced on Wednesday that it had signed a 5G patent cross-licensing deal with Chinese smartphone maker Oppo that resolves patent litigation between the companies. As part of the agreement, Oppo will make royalty payments, along with catch-up payments to cover the periods of non-payment as part of the cross-licencing deal.
-
Warner Bros. Is Trying to Bring Christopher Nolan Back Following Their Break-Up
Warner Bros. is trying to woo back Christopher Nolan, following their split in 2021. In an interview, Warner Bros. Pictures co-CEO Michael De Luca expressed his desire to get the filmmaker back into the fold, who jumped ship to Universal Pictures to create Oppenheimer. The report also mentions that Nolan received a seven-figure royalty cheque somew...
-
Spotify Removes Many AI-Generated Songs After Universal Music Noted Suspicious Bot Activities
Spotify, in an attempt to control the proliferation of computer-generated music on its platform, removed seven percent of the songs published by AI music company, Boomy. Universal Music reached out to Spotify recently, pointing out that bots could have been deployed to bring more listener counts to Boomy’s songs.
-
Karnataka HC Rejects Xiaomi's Petition Challenging $676 Million Asset Freeze by ED: Report
Karnataka High Court has rejected China-based Xiaomi Corp's petition challenging the seizure of $676.35 million (roughly Rs. 5,500 crore) by the Enforcement Directorate, news website Live Law reported on Friday.
-
OpenSea Mandates Creator Royalties on NFTs Following Community Outcry, Details Here
OpenSea has decided to support the rights of NFT artists and creators to earn royalties from the sales of their digital collectibles. OpenSea had decided to revisit its royalty payment requirement after it witnessed a decline in its sales revenues in recent times.
-
OpenSea Rolls-Out Plan to Help NFT Artists Enforce Creator Fee Payments
OpenSea has shared what it calls a "thoughtful, principled approach" to NFT royalties, including the rollout of a system that would let creators of new projects blacklist certain marketplaces that do not require traders to pay royalties.
-
Xiaomi India Misled Deutsche Bank for Years on 'Illegal' Royalty Payments, Documents Show
Xiaomi India misled banker Deutsche Bank for years, by claiming it had an agreement for payment of royalties when it had none, according to legal documents. One of Xiaomi's four bank accounts in India frozen by the ED is at Deutsche Bank. The company denies wrongdoing and approached an Indian court arguing its payments were legitimate and that the ...
-
Spotify Active Users Rose to 465 Million in Q3 2022, Says Profit Margins Squeezed by Slow Advertising Growth
Spotify on Tuesday reported that profit margins were lower than expected, as the streaming service blamed "some softness in advertising," currency fluctuations and retroactive royalty payments to songwriters and music publishers. Premium subscribers, who account for most of the company's revenue, grew 13 percent to 195 million, while the number of ...
-
Google Payments to Ireland Outfit Not Royalty, Not Subject to Withholding Tax, ITAT Says
Google India payments to Google Ireland were not royalties and not subject to withholding tax, the Income Tax Appellate Authority (ITAT) said on Friday. The order was passed by the Bengaluru bench of the ITAT, which set aside its 2018 order and said that such transfer of money was not a royalty.
-
Oppo India Issued Notice for Evading Customs Duties Worth Rs. 4390 Crore, Government Says
Oppo India evaded customs duty worth 4,390 crore, according to an investigation by the Directorate of Revenue Intelligence, according to the government. The Chinese smartphone manufacturer wrongfully used duty exemptions for items imported for use in mobile phone production, according to evidence uncovered by investigators. Oppo also allegedly made...
-
Beijing Urges India to Treat Chinese Firms Fairly After Xiaomi Threat Claim
China on Monday urged India to ensure Chinese companies operating in India were not discriminated against, after Xiaomi Corp said its executives there had faced threats of violence during questioning over alleged illegal remittances.
-
ED's Seizure of Xiaomi India Assets Worth $725 Million Said to Be Put on Hold by Indian Court
An Indian court is said to have put on hold a federal enforcement agency's decision to seize $725 million from local bank accounts of China's Xiaomi for suspected violations of foreign exchange laws, according to sources.
-
Apple Sued by Ericsson Again Over 5G Patent Licensing for iPhone
Ericsson has filed another set of patent infringement lawsuits against Apple in the latest salvo between the two companies over royalty payment for use of 5G wireless patents in iPhone.
-
Spotify Launches Site to Explain How It Pays Artists Amid Demands for Per-Stream Payments
Spotify on Thursday launched a new site to explain how it pays royalties amid mounting anger from musicians struggling to survive in the streaming era.
