X's Creative Revenue Sharing program, designed to reward engagement, is being exploited by creators using AI to generate "melodramas of redemption." These fabricated first-person stories, often presented as true, garner millions of views, raising concerns about content authenticity and the platform's incentives.
Circle CEO Jeremy Allaire criticized Open USD's proposed business model, questioning its sustainability and competitive advantage against USDC's established network. His comments highlight intensifying competition in the stablecoin market as new entrants like OUSD, backed by major companies, aim to challenge the Circle-Tether duopoly.
Producer Vashu Bhagnani addressed past conflicts with David Dhawan and Ramesh Taurani, highlighting his long association with the music industry and film production. He emphasized sharing future revenues from his films' music with the creative professionals involved.
French Open organizers and top tennis player representatives held a constructive meeting regarding prize money, agreeing to continue dialogue. Players seek a 22% share of Grand Slam revenue by 2030, up from 15%, and greater involvement in tournament decisions and player well-being initiatives.
The league’s new CBA has made some players millionaires. After years of instability, they’re now able to take control of their futureThe WNBA is entering its 30th season, a milestone worthy of as big of a celebration as its players could muster – and this year, they mustered up a lot. The Women’s National Basketball Players Association (WNBPA) negotiated a landmark collective bargaining agreement (CBA) with the league that, among other things, introduces a revenue sharing system and an estimated average salary of $583,000.This season, all players will make the minimum of $270,000, up from $66,000; others may make as much as $1.4m. It’s money that Alysha Clark, a veteran forward for the Dallas Wings and vice-president of the WNBPA, describes to the Guardian as “amazing”. One of the most incredible aspects of the new deal, she says, is having the ability to pave the way for future generations of WNBA players. Continue reading...
X has cut payments to 'aggregators' and accounts posting repetitive clickbait by up to 80% to prioritize original content. The platform is also testing tools to identify and reward original authors while demonetizing accounts that manipulate the revenue sharing program.
