Should you have a loan-out company for your work in entertainment?

Gordon P. Firemark

I’m frequently called upon by clients to form a so-called “Loan-Out company” for them. What is a Loan-Out company? A loan-out company is a legal business entity established for the purpose of providing the personal services of its owner/employee to third parties.

AI Transcription Company Verbit Closes $31M Series B Round

Media Law

Following an $11 million seed round in March 2018 and a $23 million Series A round in January 2019, this brings the total investment in the company to $65 million. Last year, the company opened an office in New York City, and it plans to triple its U.S.

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Transitioning from Kickstarting to Company Starting

Gordon P. Firemark

This alternate method, which uses a new securities law exemption, allows artists and creators to use the power and reach of the Internet to raise money for their company as a whole, rather than for a specific project. In contrast to the contribution model, an equity funding model raises money by selling equity shares in a project or company. The differences between contribution crowdfunding and equity funding.

NBCUniversal Sues Company for Infringing on "NBCU" Trademark

THR, Esq. Entertainment & Media Law Blog

No, the company isn't suing itself. read more. THR, Esq. Television Television THR Online

UK Contract Management Company Raises $5M from Major U.S. Investor

Media Law

Its customer base covers more than 50 countries and includes companies such as Deliveroo, Reach plc, Envoy and Skyscanner. It has twice invested in legal research company Casetext , leading its 2015 Series A round of $7 million and participating in its n 2017 Series B round of $12 million

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The Weinstein Company Hit With Racketeering Class Action

THR, Esq. Entertainment & Media Law Blog

"Weinstein’s widespread sexual misconduct did not occur without the help of others," states the complaint. read more. THR, Esq. Business Movies Business THR Online nsfs

Another Day, Another $50M Invested in A Legal Tech Company

Media Law

The digital ink is barely dry on my post yesterday recapping a record year in legal tech investments , and today there is news of another — in fact a further investment in a company already on my list for an investment earlier this year.

AI Contract Management Company Evisort Raises $15M to Drive Next Phase of Growth

Media Law

Twelve months ago this week, the company introduced its flagship product, Document Analyzer, a cloud-based AI and text-mining application that helps enterprises analyze and manage their contracts. Over the past year, the company grew from nine employees to 35.

In Unique Partnership, Two Legal Research Companies to Co-Develop Products

Media Law

In fact, Fastcase has for years licensed its cases, statutes and regulations to other legal research companies, including Casetext and Ravel Law. Both of these companies have already demonstrated their ability to be creative and innovative in developing legal research (and other) products.

Edward Norton's Production Company Sued Over Harlem Movie Set Fire

THR, Esq. Entertainment & Media Law Blog

A man and woman who live in the building claim residents weren't warned by producers when a fire started during filming of 'Motherless Brooklyn.' read more. THR, Esq. Movies Movies THR Online

Alternative Legal Service Company Axiom Prepares for IPO; Spins Off Two Companies

Media Law

Major news today regarding the alternative legal services provider Axiom : the company has taken steps to prepare for an initial public offering and, separately, has spun off two companies as separate entities. The result of these spin-offs is three distinct companies: Axiom, which continues as a global marketplace for on-demand corporate legal talent; Knowable, focusing on enterprise contracts intelligence; and AMS, focusing on providing solutions for complex legal work at scale.

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Kate Hudson's Fashion Company Exec Sues for Wrongful Termination

THR, Esq. Entertainment & Media Law Blog

The suit claims the company assumed Talitha Peters was being treated for an addiction to illegal substances while on a temporary medical leave. read more. THR, Esq. Style Style THR Online

Bill Cosby Scores Victory Against Insurance Company

THR, Esq. Entertainment & Media Law Blog

AIG Property Casualty wanted out from having to defend the comedian against Janice Dickinson. read more. THR, Esq. The Business Television Business THR Online

LawNext Special Report: Clio CEO Jack Newton on His Company’s $250 Million Investment

Media Law

Yesterday, the cloud practice management company Clio announced $250 million funding round — one of the largest ever for a legal technology company.

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Ransomware Attack Reportedly Hits Practice Management Company, Locking Lawyers Out of their Case Files

Media Law

The case management software company TrialWorks was reportedly hit by a ransomware attack, shutting down its platform for at least four days and locking some lawyers out of their case files. I have not been able to confirm with the company if the situation has been resolved.

Media Companies Just Got More Bad News in Gawker Bankruptcy

THR, Esq. Entertainment & Media Law Blog

A New York judge decides that California's free speech statute conflicts with federal rules. read more. THR, Esq. Business Movies Tech Business THR Online

Smart Contracts Company Clause Raises $5.5M; DocuSign Among Investors

Media Law

The smart-contracts company Clause said today that it has raised $5.5 million in a Series A financing round. The round was led by Galaxy Digital , an investment firm that specializes in blockchain, digital exchanges, and business-to-business software.

UK AI Company Luminance Gets $10 Million Series B Funding

Media Law

The UK company Luminance , an artificial intelligence platform for contract review, today announced that it has completed a Series B funding round of $10 million, at a valuation of $100 million. The funds will be used to support product expansion and global growth, the company says.

IP Docketing Company Alt Legal Makes An Acquisition and Announces Its First User Conference

Media Law

Alt Legal , the cloud-based, intellectual-property docketing software company, has acquired MarkTend , a trademark docketing and monitoring software, for an undisclosed price. In other Alt Legal news, the company has scheduled its first user conference.

After Sale of His Company, Catalyst Founder Forms Foundation to Promote Open Source Software in Law

Media Law

” Separately, Tredennick recently launched a company, Merlin Digital Magic , devoted to developing secure, cloud-based software to help corporations and law firms improve legal processes and automate compliance efforts

Legility, Provider of Legal Operations Services, Acquires E-Discovery Company Inventus

Media Law

” The companies will combine operations early this year, they said. ” The combined company will go forward under the Legility brand, with Dark remaining as CEO.

ABC Sued By Insurance Company Over "Pink Slime" Settlement

THR, Esq. Entertainment & Media Law Blog

AIG is resisting reimbursement of $25 million by arguing that the broadcaster had an obligation to go to outside counsel before running its controversial reporting. read more. THR, Esq. Business Television Business THR Online

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Former Sales Lead At Logikcull Joins Legal AI Company Evisort to Direct Business Development

Media Law

In a post here December , I wrote that the AI-based contract management company Evisort “might just be the hottest legal tech and AI company you’ve never heard of.” But since then, the company has been making a name for itself.

Ava DuVernay's Company Sued in Dispute Over Documentary's Awards Run

THR, Esq. Entertainment & Media Law Blog

A documentarian says the company didn’t submit his film for awards as agreed — and now won't stop claiming rights. read more. THR, Esq. Movies Movies THR Online Ava DuVernay Selma

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Gannett Makes Higher Offer For Tribune Company

Media Law Prof Blog

The Gannett Company has raised its offer for the Tribune Publishing Company to $864 million, according to the Hollywood Reporter. The Tribune owns several major dailies, including the L. Times and the Chicago Tribune. More here from THR

Ava DuVernay's Company Sued For Botching Documentary's Awards Run

THR, Esq. Entertainment & Media Law Blog

A documentarian says the company didn’t submit his film for awards as agreed — and now won't stop claiming rights. read more. THR, Esq. Movies Movies THR Online Ava DuVernay Selma

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Members of Congress Request FTC Investigation of Financial Data Company’s Collection and Privacy Practices

New Media and Technology Law

It aggregates financial information from banks, credit card companies and other financial services providers with consumer consent, and maintains a database of credit and debit card transactions of tens of millions of consumers. The letter asserts that Yodlee is used by over 1,200 companies to offer online personal finance tools to consumers. Last week, Democratic Senators Ron Wyden and Sherrod Brown and Congresswoman Anna Eshoo sent a letter to FTC Chairman Joseph J.

At AI Research Company ROSS, A New Stage of Transparency and Engagement

Media Law

For years, the artificial-intelligence legal research company maintained a shroud of secrecy around its product. At a conference of law librarians two years ago, Arruda was called out during a panel for his company’s lack of transparency. A More Mature Company.

David Letterman's Production Company Beats Lawsuit from Royalty Collector

THR, Esq. Entertainment & Media Law Blog

A judge rejects a lawsuit from Worldwide Subsidy Group. read more. THR, Esq. The Business Television Business THR Online

Producer Claims CEO Sexually Manipulated Him to Take Control of His Company

THR, Esq. Entertainment & Media Law Blog

Ryan Wiik says Tasmin Lucia-Khan used sex and lies to force him out of the company he founded. read more. THR, Esq. The Business Business THR Online

PracticePanther and Bill4Time Merge Into Single Legal Technology Company

Media Law

Over the past two years, the company Alpine SG (ASG) has acquired two legal technology companies, the practice-management platform PracticePanther in 2018 (which I covered here ) and the time, billing and practice-management platform Bill4Time in 2017. Now, ASG is merging the two companies to create a unified legal technology business, ASG LegalTech. The new company will continue to support both PracticePanther’s Miami office and Bill4Time’s Bellevue, Wash.,

E-Discovery Company Relativity Names A New CEO

Media Law

The e-discovery company Relativity said today that Mike Gamson , formerly a senior vice president with LinkedIn, has been named its new chief executive officer, effective July 1, and that founder Andrew Sieja will move to a new role as executive chairman of the company’s board of directors.

Asked and Answered: Should I have a Loan Out Company?

Gordon P. Firemark

“Asked and Answered&# will be a new occasional feature of this blog. From time to time, I’ll answer some of the most frequently asked questions I receive in my practice. This is intended as general information only and does not establish an attorney-client relationship. It is not a substitute for a private, independent consultation with [.].

Major Merger Makes E-Discovery Provider An $800M Public Company

Media Law

Electronic discovery company KLDiscovery says it has entered into an agreement to merge with Pivotal Acquisition Corp., a public investment vehicle, in a deal valued at $800 million that will result in KLD becoming a publicly listed company.

What YouTube Could Learn from Record Companies

Music Technology Policy

Ask any journalist who’s been threatened with a lawsuit by the most litigious company in commercial history if they dared to publish royalty rates. So here’s what YouTube can learn from record companies. No record company discloses to the public the royalties they paid to any of their artists and no record company would ever put their artist in the position of being a lottery winner poster child to promote the label.

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Roundup of Company and Product News from ILTACON, Part 1

Media Law

Here is Part 1 of a roundup of some of the legal technology companies and news I saw there. It works easiest with the research platforms Fastcase and Casemaker, thanks to arrangements the company made with them, but is not limited to those services.

CRTC Fines Canadian Company Over Spam Emails

Media Law Prof Blog

The agency found the Quebec-based company sent commercial emails to consumers without consent and then further violated Canadian law by failing to The Canadian Radio-television and Telecommunications Commission (CRTC) is fining Compu.finder $1.1

'Orphan Black' Production Company Must Face Copyright Lawsuit in California

THR, Esq. Entertainment & Media Law Blog

The $5 million lawsuit alleges the series was cloned from a screenplay submitted to producers a decade ago. read more. THR, Esq. The Business Television Business THR Online

A Legal Campaign Against Spotify Intensifies Ahead of the Company's Plan to Go Public

THR, Esq. Entertainment & Media Law Blog

Hundreds of settlement objectors (Tom Petty, Weezer's Rivers Cuomo, Sir Anthony Hopkins, et al.), a new copyright lawsuit and a scathing reply to Spotify's recent bombshell filing. read more. THR, Esq. Business Music Tech Business THR Online

Three’s Company “Brunette” Arrested for DUI on Independence Day

Law of Hollywood Land

On July 4th Joyce DeWitt, best known as Janet Wood on “Three’s Company&# , was arrested on suspicion of drunk driving. Tags: Celebrity DUI Drunk Driving Under Arrest joyce dewitt three's company Joyce DeWitt Mugshot.

'Midnight Rider' Producer Claims Insurance Company "Sabotaged" Film

THR, Esq. Entertainment & Media Law Blog

Film Allman asserts it was pushed into a settlement with Sarah Jones' family, says that Randall Miller's guilty plea doesn't mean he's guilty, and describes how it attempted to revive the rock & roll film. read more. THR, Esq. The Business Movies Business THR Online

In Unique Partnership, Two Law Schools and A Private Company Collaborate on Tool to Reduce Evictions

Media Law

A unique collaboration between two law schools and a private company has produced a tool designed to help low-income tenants avoid eviction and seek redress for unsafe living conditions.

Deadmau5 Sues Vape Company for Trademark Infringement

THR, Esq. Entertainment & Media Law Blog

The deadmodz vape brand is confusing deadmau5 fans who think the electronic music star is behind the electronic cigarette line, according to the lawsuit. read more. THR, Esq. Music Music THR Online