Bromley Quoted in The Wall Street Journal Discussing Value of NFTs for Music Artists March 23, 2021 Musicians Turn to NFTs to Make Up for Lost Revenue – The Wall Street Journal Manatt entertainment transactions and finance practice leader Jordan Bromley spoke with The Wall Street Journal about the value of nonfungible tokens (NFTs) for music artists. In the article, Bromley noted that he has been negotiating to carve out half of the music artist’s compensation for the artist based on the name and brand identity, with the remaining revenue going to music-copyright holders, saying, “the driving forces for NFT sales are brand- and art-based, despite having music attached. So the trick here is making sure the releasing artists keep their fair share, while also considering the various stakeholders and royalty participants connected to the music.” Read the article here.
