Russia’s Legislative Body Considers Diving Into Crypto – Will They Mine Or Maul It?
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(The Center Sqquare) – As legislators return for the final weeks of session, the budget will be top of mind, but there may also be more tax credits to consider. At a recent Senate Revenue Committee, a tax credit for the music industry was discussed. State Sen. Sara Feignholtz, D-Chicago, said it’s needed, especially after the pandemic. “This sort of sector of musicians really suffered and is still lagging in their recovery,” she told the Senate Revenue Committee....
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Legislation banning TikTok is coming this week. How will it affect the music industry?
On Tuesday, the U.S. Senate passed a bill that would force TikTok's China-based parent company to sell the popular app, or it would be blocked in the U.S. While the legislation would have profound impacts across the tech, political, entertainment, media and marketing worlds, music may be especially affected. TikTok's first incarnation was as a lip-syncing app, Musical.ly, and the app dominates music discovery for young listeners. If the app were banned in the U.S., it would upend the ways...