Chrysler Building

• Just a year earlier, former heavyweight champion Mike Tyson was similarly incensed when he learned that Hulu had created a miniseries dramatizing his career without seeking his permission.
• “They stole my life story and didn’t pay me,” Tyson charged in an Instagram post.
• Oher and Tyson – not to mention countless influencers and wannabe celebs – share the conviction that they own, and can monetize, their life stories.
• And why do publishers and studios routinely pay large sums to acquire rights that don’t exist?

No monopoly on the truth

• So you can’t sell a T-shirt with Mike Tyson’s face on it without his permission, but writing a book about his rise to fame is fair game.
• In the U.S., the freedom to describe historical events is rooted in the free speech clause of the First Amendment, and it’s a fundamental principle that no one – whether it’s a news agency, political party or celebrity – holds a monopoly on the truth.
• The First Amendment, however, does allow authors and film producers to truthfully depict factual events that they have legitimately learned about.

The origin of life story ‘rights’

• Even showing an architecturally distinctive building often requires the consent of a copyright owner, which is why the video game “Spider-Man: Miles Morales” had to remove the Chrysler Building.
• Along with these other rights and permissions, Hollywood studios have paid individuals for their life stories for at least a century.
• Yet, unlike copyright clearances, life story deals do not involve the acquisition of known intellectual property rights.

Exceptions don’t make the rule

• As always with the law, though, there are exceptions.
• In moving forward with the project, they risked a defamation or publicity suit by Zuckerberg and others depicted in the film.
• Nevertheless, other subjects who have been depicted in dramatic features without their authorization have sued to recover a share of the profits.
• But many producers hope to get ahead of a flimsy lawsuit and bad publicity by acquiring nonexistent rights.

History is in the public domain

• Doing so can convey respect toward the subject and make the production go more smoothly.
• This expectation increases production costs and the risk of litigation, thereby deterring otherwise worthwhile projects and depriving the public of meaningful content that is based on true stories.
• Collective history, in our view, belongs in the public domain.

• LuxUrban Hotels Inc. (Nasdaq: LUXH) (or “the Company”), which utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities, announced today that it is reiterating full year 2022 net rental revenue and EBITDA guidance of $42-$46 million and $7-$9 million, respectively.
• Inclusive of The Tuscany and Townhouse Hotel, LuxUrban operates 15 short-term stay hotels, under long-term Master Lease Agreements (“MLA”), located in Miami, New York City, Washington, D.C., and New Orleans.
• The Company’s future growth focuses primarily on seeking to create “win-win” opportunities for owners of dislocated hotels, including those impacted by COVID-19 travel restrictions, while providing LuxUrban Hotels favorable operating margins.
• Guests at the LuxUrban Hotels properties are provided high quality service under the Company’s consumer brand, LuxUrbanTM.

• Moses & Singer LLP is pleased to announce the arrival of Steve Lueker as a partner with the Tax , Banking & Finance and Internet & Technology practices.
• Steves strong combination of financial analysis and legal skills make him a valuable asset to our team, said Dean Swagert , Managing Partner of the firm.
• Its exciting to join a firm that impressed me years ago after retaining them as outside counsel, said Lueker, who had previously hired Moses & Singer when working as a banker at UniCredit Group.
• Lueker comes to Moses & Singer from Offit Kurman, where he was principal.

• Rotor Acquisition Corp. (the Company or ROT) (NYSE: ROT.U, ROT, and ROT WS), a special purpose acquisition company, today reminds stockholders to vote FOR the business combination with Sarcos Corp. (Sarcos) and the related proposals at the special meeting of stockholders scheduled for September 15, 2021 (the Special Meeting).
• The decision to transfer listings to Nasdaq was made in consideration of the business combination and enables the post-business combination company to be listed alongside other innovative companies on Nasdaq.
• Following the closing of the business combination, the Company will delist its Common Stock, Warrants, and units from the NYSE.
• The Nasdaq listing and NYSE delisting are subject to the closing of the business combination, including approval by its stockholders at the Special Meeting and fulfillment of all Nasdaq listing requirements.