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Reddit’s Strategic Play Lands it a $60M Content Licensing Deal Before IPO

IT Toolbox

Almost a year after Reddit made difficult changes to monetize its data at the expense of losing some important users, the company reportedly secured a $60 million deal. Content licensing deal for AI training is thus the new business model on the block.

Licensing 264
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Music-licensing startup Audiosocket hits play on effort to get more digital creators using its products

GeekWire

Founded in 2009, Audiosocket is seeing growth of its music licensing software products used by social media creators, movie production studios, and others. Now the company is making a play to startups that need music for their games, apps, creator tools, metaverse worlds, and more. Audiosocket Image) The company has raised $3.5

Licensing 122
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Meta creates ‘Business AI’ group led by ex-Salesforce AI CEO Clara Shih

CIO Business Intelligence

From the start, Meta has made the Llama models available to other enterprises under a license it describes as “open source,” but the creation of the new business group makes clear that Meta’s interest is commercial, not philanthropic. Meta also has a veto on competitors using Llama for anything too big: The Llama 3.2

Groups 121
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Arkansas just passed an age-verification social media law with some confusing exemptions

TechSpot

The law requires social media companies that earn more than $100 million in annual revenue to work with third-party services to verify new account holders' personal information. This is done using "any commercially reasonable age verification method" or government-issued IDs such as photo IDs or driver's licenses.

Media 115
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After fan outcry, Wizards of the Coast will leave its original open license in place

GeekWire

would seek to deauthorize and replace its Open Game License (OGL), a public copyright notice from 2000. It will also officially make the base mechanics of Dungeons & Dragons publicly available via a Creative Commons license, as mentioned on Jan. is now available under a Creative Commons license.? And we’ve listened.

Licensing 125
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Facebook offered to license its network and code to avoid antitrust action

The Verge

In the wake of the groundbreaking Federal Trade Commission lawsuit against Facebook, The Washington Post is reporting new details of the company’s negotiations with regulators in the run-up to the case, including an unusual offer to license its code and network to competitors.

Licensing 111
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Wizards of the Coast reverses stance on controversial licensing revision following outcry

GeekWire

The policy shift concerns the Open Game License (OGL), a public copyright notice that Wizards of the Coast, headquartered in Renton, Wash., 12, resulted in several social media campaigns to boycott playing D&D in favor of other RPGs, and to send a message to Wizards by canceling subscriptions to its digital storefront D&D Beyond.

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