Music Ally Focus #30: the (many) hidden legal complications when you sell a music NFT – with special guest Adrian Perry, partner and co-chair of Covington & Burling LLP's Music Industry practice

Some musicians are finding NFTs irresistible, seeing them as a new way to connect with fans, make money – and sell slices of their music rights. It seems very easy to sell a small percentage of, for instance, your master recording copyright – with potentially huge rewards. But, warns this week's special guest, there are many ways you could get caught in a tricky situation that you may not have considered – including anti-money laundering laws, securities laws, international tax issues, and the highly volatile nature of cryptocurrency itself. Adrian Perry is partner and co-chair of Covington & Burling LLP's Music Industry practice, and is eager to help musicians and rights owners understand these hidden legal risks.  He's no NFT-sceptic, and is enthusiastic about the space – so he helped Music Ally's editor Joe Sparrow  understand the associated risks, and how to navigate them.  Here's more info on Adrian: https://www.cov.com/en/professionals/p/adrian-perry 👋 Music Ally’s free weekly newsletter, The Knowledge: musically.lnk.to/knowledgepo Ⓜ️ Subscribe to Music Ally's industry-standard analysis, reporting and news: musically.com/subscribe Instagram: https://www.instagram.com/musicallybiz Twitter: https://twitter.com/musically Facebook: https://www.facebook.com/musicallyfb --- Send in a voice message: https://podcasters.spotify.com/pod/show/musically/message

Om Podcasten

Analysing vital music business topics in detail, as they emerge: Joe Sparrow breaks down important stories with expert guests in about 25 minutes. It'll keep you on the cutting edge, and it'll take about the same time as making and eating a good sandwich! (We recommend doing both simultaneously for maximum deliciousness.) 🌍 Music Ally provides analysis and context for the global music business: musically.com Ⓜ️ Music Ally's industry-leading subscription service: https://musically.com/subscribe 👋 Music Ally’s free weekly newsletter, The Knowledge: https://musically.lnk.to/knowledgepo