HitPiece “engaged in the systematic and flagrant infringement of the intellectual property rights of the Record Companies and their recording artists,” says the RIAA.
“As you are no doubt aware, your clients, through the Hitpiece website, have been engaged in the systematic and flagrant infringement of the intellectual property rights of the Record Companies and their recording artists on a massive scale,” wrote RIAA senior vp litigationFounded by serial entrepreneur, Hitpiece’s intent was to create NFTs of “every song,” according to the company’s pitch deck.
Though HitPiece marketed their NFTs as allowing fans to own “unique song recordings,” it did not appear it was actually auctioning songs or recordings of music — simply the associated cover art. The RIAA letter addresses this claim, stating “if true, [this] likely amounts to yet another form of fraud.”on Feb. 2, saying the company “never used or sold any copyright music without permission and [HitPiece] will not do so. Any stories to the contrary are false.
RIAA’s letter continues, saying that many of the sound recordings and “associated artwork” are “owned or exclusively controlled by the Record Companies” that the association represents and by using the names and images of their signed recording artists, HitPiece is participating in “outright theft” that “is as outrageous as it is brazen.”
Even though the site was taken down on Feb. 2, the RIAA comments that the move would not “absolve” the company and that HitPiece is “liable to the record companies and their artists for damages” for the time that it was live. The letter also demanded that the site save emails, texts and other records in case of future litigation.
“As music lovers and artists embrace new technologies like NFTs, there’s always someone looking to exploit their excitement and energy,” saidRIAA chairman and chief operating officer, in a statement. “Given how fans were misled and defrauded by these unauthorized NFTs and the massive risk to both fans and artists posed by HitPiece and potential copycats, it was clear we had to move immediately and urgently to stand up for fairness and honesty in the market.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
HitPiece takes its NFT music platform down following artist outrage | EngadgetA music NFT website called HitPiece has temporarily closed after artists accused it of appropriating their work without permission..
Consulte Mais informação »
HitPiece slammed for selling music assets without artist permissionAfter immense backlash from musicians and fans, the music NFT marketplace HitPiece removed the beta version of its platform.
Consulte Mais informação »
EXILE’s Daniel Eilemberg talks reimagining IP when building a multimedia franchiseBucking a trend is seldom easy, but NFTs could shake things up with intellectual property rights. Hollywood might want to take notes.
Consulte Mais informação »
Golden Globe-Winner John Legend to Introduce NFT Platform for MusiciansJohn Legend will be the Chief Impact Officer of the NFT platform 'OurSong.'
Consulte Mais informação »
Celebrity video platform Cameo announces pre-mint for NFT collectionCameo Pass follows the trend of NFTs being used as a sort of ticket into exclusive events — especially as more celebrities buy NFTs.
Consulte Mais informação »
Grammy-winner John Legend launches new music and art NFT platformJohn Legend is giving the green light to NFTs. The American singer-songwriter launches oursong, which allows artists to tokenize and sell their work while awarding buyers with privileges like access to unreleased music and private chat rooms.
Consulte Mais informação »