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Drake’s Business Headache, A.I. PAC Wars, Hamptons’ Art Summer
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Welcome back to The Daily Courant, your afternoon guide to Puck’s best new reporting. Here’s what you need to
know… and stick around for more on the bill that everyone in Hollywood is watching.
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- What I’m Hearing: The NO FAKES Act, which would regulate voice and likeness rights in the A.I. age, just cleared the Senate Judiciary Committee with bipartisan support. Eriq Gardner previews what could be the most significant expansion of Hollywood intellectual property rights since the mid-’90s. [Read More]
- Line Sheet: Drake is in talks to sell a 50 percent stake in his fashion business, OVO, to Authentic Brands Group—a deal that feels more like a bailout than an expansion play. Malique Morris digs into the brand’s shaky financials and the limits of
celebrity-driven labels. [Read More]
- The Hidden Layer: The author of New York’s landmark A.I. safety bill, Alex Bores, lost last night’s central Manhattan primary after the race became ground zero for a multimillion-dollar
proxy war between A.I. super PACs. Ian Krietzberg reveals why the dark money battle was merely the opening salvo in a much broader industry fight. [Read More]
- The Varsity: The World Cup is driving record
betting on FanDuel while exposing how much of the market remains legally off-limits. John Ourand sits down with FanDuel Group president Christian Genetski to discuss the company’s own gamble on prediction markets. [Read More]
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A MESSAGE FROM OUR SPONSOR
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Become a more intelligent enterprise Imagine your entire
company working in perfect sync. Strategy, operations, tech, and AI – all connected. At PwC, we design the solutions that can help you get there.
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- Wall Power: NOMAD, the roving art and design fair, is about to make its U.S. debut at Robert Wilson’s Watermill Center in the Hamptons. Ingrid Abramovitch previews the event highlights and what the expansion says about the overcrowded fair market. [Read More]
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- The Town: Matt Belloni and The Wall Street Journal’s Keach Hagey discuss Amazon’s decision to jettison Luca Guadagnino’s latest film, Artificial, about Sam Altman and OpenAI. [Listen Here]
- The Powers That Be: Peter Hamby and John assess the World Cup ratings bonanza and YouTube’s relentless pursuit of a marquee sports rights deal. [Listen Here or
Watch Here]
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And now, a preview of Hollywood’s potential I.P. boom…
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The NO FAKES Act cleared the Senate Judiciary Committee on a bipartisan vote—and, as Eriq reports, that means
it’s time to start gaming out what a world with a federal property right to voices and likenesses actually looks like. Supporters see the act as a long-overdue shield against deception, while critics see the makings of a powerful new instrument for policing speech. But some version of it could materialize in the lame duck session, and would represent the most significant expansion of Hollywood I.P. rights since the ’90s.
The proposed law would also lead to a very thorny
legal landscape. It specifically exempts A.I. replicas used in documentaries or biographical works—unless they create a “false impression” of authentic participation, with a further carve-out for satire and parody. Meanwhile, life-rights deals will likely become far more valuable. Indeed, the studios and guilds currently celebrating the bill’s passage could soon find themselves on the defensive once judges start deciding what “public interest” means. As Eriq writes, that’s when the fun
begins…
Click here for Eriq’s full story.
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| Malique Morris
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With Drake back in the cultural conversation after a fallow period, his business partners are hoping to connect on a licensing deal for
his lingering apparel concern, OVO. A recent creditor lawsuit sheds a lot of light on why their time is now.
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| Ian Krietzberg
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Whatever happens on primary night, the A.I. dark money battle over Alex Bores is merely the opening of a broader industry proxy war—with
hundreds of millions of dollars ready to deploy into 2028.
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A MESSAGE FROM OUR SPONSOR
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Become a more intelligent enterprise Imagine your entire
company working in perfect sync. Strategy, operations, tech, and AI – all connected. At PwC, we design the solutions that can help you get there.
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| John Ourand
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FanDuel president Christian Genetski is only six weeks into his newly expanded role running the company, but he’s got plenty of thoughts
about the state of the sports-betting business—from FanDuel’s move into prediction markets to the Sorsby headache and why this year’s World Cup is like March Madness on steroids.
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The roving art fair has already captivated the three-comma crowd with exclusive design offerings in rarefied settings—and now, despite
recent turbulence, it’s setting up shop in the East Coast’s ultimate summer enclave.
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| Matthew Belloni
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Matt is joined by Keach Hagey, a journalist at The Wall Street Journal and author of The Optimist: Sam Altman, OpenAI, and
the Race to Invent the Future, to discuss Amazon abandoning Luca Guadagnino’s movie Artificial and looking to sell it to another studio to distribute. They talk about why Amazon made the movie in the first place, its relationship with OpenAI, their thoughts on the script and how it portrays Altman, whether any major studio will buy the movie, and how Big Tech has influenced Hollywood’s decision-making strategy.
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| Peter Hamby
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| John Ourand
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John Ourand joins Peter to revel in the World Cup’s TV ratings bonanza and why all the haters were wrong. Then John weighs in on YouTube’s
relentless pursuit of a marquee sports rights deal—and whether it’s on the verge of becoming a genuine player or just phoning it in.
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