Financing Space Assets and Private Business Entities - Part II

by Hojung Jun November 18 2007, 09:06
III. Debtor’s Rights and Related Rights

A. Background

Since space assets require huge amount of money, the space industry takes a great effort to get finance for manufacturing and maintaining them. Large scale entities use their own surplus and other smaller ones tend to form a consortium to get finance.[1] If they don’t get enough finance, they will cooperate with private-sector investors like investment banks but private-sector investors want to have a security agreement on the specific space asset or the future cash-flow from operating the asset or equipment to make sure to collect money.[2] Most satellite manufacturers such as Boeing Satellite Systems, Motorola, and Mitsubishi Electronic actively participate in the project financing with major investment and commercial banks such as Morgan Stanley Senior Funding, Inc, UBS Investment Bank, Citibank, Deutsche Bank, and Goldman, Sachs & Co.[3] [More]

Art Imitates Art: Bollywood Finds Inspiration in Hollywood Films

by S. Asra Husain November 10 2007, 01:25
Many Americans do not know about Bollywood, but the rest of the world definitely does. The largest movie industry in the world, Bollywood movies sell 3.6 billion tickets in comparison to Hollywood's 2.6 billion tickets in the year 2004. [1] It is estimated that this year Bollywood made £1.26 billion [2] (approximately $2.6 billion US), and Bollywood has a projected growth of nineteen percent each year. [3] Part of the way that Bollywood is able to keep making movies that gross lots of money is to take successful films from Hollywood and remake them into Bollywood blockbusters. Movies such as Entrapment and ET have been made into Bollywood productions by changing the story to make it more akin to a musical than straight theater and making the characters more identifiable to Indian culture. Almost eighty percent of all Bollywood films has been "inspired" by a Hollywood film. [4] These similarities are quite apparent to people who have seen the inspirations, but to the Indian public, these movies become box office hits. This raises a question about the ability of Bollywood screenwriters to use Hollywood storylines to create Bollywood films. This article will examine copyright law and how it may affect this area of business. [More]

The Legal Attack on Fantasy Sports

by Thomas Paschalis November 9 2007, 18:32
In the last thirty years, fantasy sports have evolved from a little known hobby into a $1.5 billion industry.[1] While historical accounts differ, CNN claims that the first fantasy league began in 1980 and involved the use of baseball statistics.[2] Fantasy sports grew drastically during the 1990s, as internet technology gave rise to services that could conduct quick statistical updates and provide fantasy managers with up-to-the-minute league scores and standings.[3] By 2005, there were more than 12.6 million Americans competing in fantasy sports leagues, spending nearly $500 per player.[4] The rapid growth of the fantasy sports industry has spurred litigation that threatens viability of the industry as a whole. In this article, I will discuss a recent case in which a federal court was asked to declare fantasy sports to be a form of illegal gambling. [More]

Financing Space Assets and Private Business Entities (Part I)

by Hojung Jun October 22 2007, 08:51
I. Introduction

A. Space Technology and Law

Have you ever thought about who owns the satellite when you listen to the satellite radio, or watch satellite television? While society benefits from the satellite technology such as satellite television, radio, navigation, phone and so on, international organizations, governments and space industry are disputing over the ownership of the satellites, what space assets are, and how to get financing. Likewise, defining space assets and the protection of financiers to space assets is very new and critical for the entertainment and space industries. This is because of the tremendous capital and interest of investors is related to space assets and they have great potential to be developed more. [More]

The Federal Communication Commission: Changing Television Through Censorship?

by S. Asra Husain October 13 2007, 08:49
Congress shall make no law [...] abridging the freedom of speech or the press...." [1] However, the Federal Communication Commission ("FCC") often steps in and creates regulations that prohibit foul language on television. The recent Academy Awards cut away from a thank you speech by Sally Field to a black screen as a result of the topic of her speech. A new documentary, entitled "The War", is to air on Public Broadcasting Station ("PBS") in an edited form to remove foul language. This article will look at these instances and question the necessity of the FCC to prohibit such speech in these contexts and how the courts have viewed this issue in the past. [More]

How Can We Protect Fashion Designs With Trademark Law?

by Hojung Jun September 23 2007, 09:56
Gucci’s shoes, Louis Vuitton’s bag, and Chanel’s clothes . . . no one would deny the fact that the fashion industry continuously invests tremendous amounts of capital to intellectual creativity and marketing. Such investments earn the industry a tremendous amount of money. As brand names and trademarks become more recognized, trademark owners struggle to find strategies to protect their trademarks and designs from appropriators. [More]

Paparazzi Cause Need for New Federal Laws

by S. Asra Husain September 15 2007, 01:22
The tenth anniversary of Princess Diana’s death once again stirs questions regarding paparazzi and the right of publicity for celebrities. Many magazines are in the business of exploiting the personal lives of celebrities, publishing photos and stories about them in every walk of life. Tabloid magazines make millions of dollars each year from magazine sales fueled by images of big name celebrities on their covers. [More]

America’s Pastime of a Time Past: Baseball has lost its special place in the American courts, but why? (Part 1 of 2)

by Kamran Chaudri October 30 2006, 19:11
I. Introduction

Baseball has enjoyed a special place in the hearts of American sports fans. It is touted as America’s pastime. As Americans, judges are not immune to either the love of the game or the special status it holds in American culture. While other sports faced antitrust regulation with respect to the reserve clause, baseball was exempted by the courts. [1] The reserve clause restricts the right of the player to contract with a team other than the one he is currently signed with.[2] Justice Blackmun, in his famous opinion in Flood v. Kuhn, pays homage to the baseball gods with a nearly seven-page-long introductory section entitled “The Game.”[3] This storied past of baseball (MLB) no longer holds sway as recent rulings evidence. Specifically, in the CBC v. MLB Advanced Media, a federal district court recently held that MLB did not have rights over player names and statistics so as to require fantasy baseball leagues to purchase such rights from MLB.[4] [More]

The Unlawful Internet Gambling Act and the Tax Revenue the United States Government Could Have Had

by Sandeep Marreddy October 26 2006, 18:56
I. Introduction

Many people who gamble on-line will tell you that October 13, 2006 truly was an unlucky day. On that Friday, President Bush signed into law the Unlawful Internet Gambling act.[1]. The bill makes it illegal for banks and credit card companies to transact with online gambling companies.[2] By preventing banks from allowing deposits into gambling sites, the bill hopes to prevent people from partaking in on-line gambling. The question many people have is why the United States would outlaw internet gambling when it could have regulated the industry and benefited from the tax revenue it would have received? [More]


Entertainment | Tax

The Online Movie Rental Battle

by Jeff Ostrom October 5 2006, 02:42
I. Introduction

Should the concept of movie rentals via the internet be protected by a patent? Netflix, Inc. seems to think so. That is what prompted them to sue Blockbuster, Inc. for infringing their patents by starting up Blockbuster Online. But Blockbuster thinks Netflix has invalid patents and that the monopolization of the online movie rental business would not be fair. These are the issues that recently came up in Netflix, Inc. v. Blockbuster, Inc. [1]. [More]

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