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22:16","market":"us","language":"zh","title":"摩根大通：美国能源板块将出现爆发性轧空行情！","url":"https://stock-news.laohu8.com/highlight/detail?id=2153649590","media":"华尔街见闻","summary":"近日，摩根大通在一份报告中调高了标准普尔500指数的目标点位。\n摩根大通表示，由于股票回购潮即将到来，因此将在市场上掀起浪潮，而消费的复苏也将抬升股指估值。\n因此，摩根大通将标准普尔指数的预估每股平均","content":"<p>近日，<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>在一份报告中调高了标准普尔500指数的目标点位。</p>\n<p>摩根大通表示，由于股票回购潮即将到来，因此将在市场上掀起浪潮，而消费的复苏也将抬升股指估值。</p>\n<p>因此，摩根大通将标准普尔指数的预估每股平均收益额外上调5美元至205美元，并将年底的SPX目标点位定为4400至4600美元。</p>\n<p>虽然摩根大通的首席股票策略师Dubravko Lakos-Bujas看好非必需消费品（即零售、旅游和休闲）、半成品和银行等所有领域，<b>但他认为有一个行业最有可能在近期大幅走高——能源</b>。</p>\n<p>他认为，能源股将走高的背后有两个原因：第一个是大型能源公司现在的FCF收益率约为10%；在2022年布伦特原油70美元的场景下，大市值能源股的相对估值现金流（FCF/EV）收益率为8%。这表明市场预计油价将在不久的将来会下跌，能源股将走高。</p>\n<p><img src=\"https://static.tigerbbs.com/dcd180f20711d0b1b5f6fcdb4307779a\" tg-width=\"500\" tg-height=\"362\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>其次，Dubrakvo声称能源行业有越来越大的可能性出现急剧的逼空现象并走高，因为目前能源股与石油基本面严重脱节，这在30多年里也十分罕见。</p>\n<p><img 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n摩根大通：美国能源板块将出现爆发性轧空行情！\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 22:16 北京时间 <a href=https://wallstreetcn.com/articles/3636009><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>近日，摩根大通在一份报告中调高了标准普尔500指数的目标点位。\n摩根大通表示，由于股票回购潮即将到来，因此将在市场上掀起浪潮，而消费的复苏也将抬升股指估值。\n因此，摩根大通将标准普尔指数的预估每股平均收益额外上调5美元至205美元，并将年底的SPX目标点位定为4400至4600美元。\n虽然摩根大通的首席股票策略师Dubravko Lakos-Bujas看好非必需消费品（即零售、旅游和休闲）、半成品...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3636009\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4ecccb954c9a03cd26d576ebec5c96d6","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3636009","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2153649590","content_text":"近日，摩根大通在一份报告中调高了标准普尔500指数的目标点位。\n摩根大通表示，由于股票回购潮即将到来，因此将在市场上掀起浪潮，而消费的复苏也将抬升股指估值。\n因此，摩根大通将标准普尔指数的预估每股平均收益额外上调5美元至205美元，并将年底的SPX目标点位定为4400至4600美元。\n虽然摩根大通的首席股票策略师Dubravko Lakos-Bujas看好非必需消费品（即零售、旅游和休闲）、半成品和银行等所有领域，但他认为有一个行业最有可能在近期大幅走高——能源。\n他认为，能源股将走高的背后有两个原因：第一个是大型能源公司现在的FCF收益率约为10%；在2022年布伦特原油70美元的场景下，大市值能源股的相对估值现金流（FCF/EV）收益率为8%。这表明市场预计油价将在不久的将来会下跌，能源股将走高。\n\n其次，Dubrakvo声称能源行业有越来越大的可能性出现急剧的逼空现象并走高，因为目前能源股与石油基本面严重脱节，这在30多年里也十分罕见。\n\n也就是说，石油和能源股之间的差异使得能源股需要上涨约40%才能赶上石油的上涨。","news_type":1},"isVote":1,"tweetType":1,"viewCount":897,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":833102924,"gmtCreate":1629208836468,"gmtModify":1633686561617,"author":{"id":"4087344389832800","authorId":"4087344389832800","name":"欣心","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087344389832800","idStr":"4087344389832800"},"themes":[],"htmlText":"吖","listText":"吖","text":"吖","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/833102924","repostId":"2160927288","repostType":2,"repost":{"id":"2160927288","pubTimestamp":1629181511,"share":"https://www.laohu8.com/m/news/2160927288?lang=&edition=full","pubTime":"2021-08-17 14:25","market":"us","language":"zh","title":"美股走出创纪录行情，花旗：好日子或只剩不到一个月","url":"https://stock-news.laohu8.com/highlight/detail?id=2160927288","media":"国际金融报 ","summary":"当地时间8月16日，美股再创盘中历史新高。","content":"<div>\n<p>当地时间8月16日，美股再创盘中历史新高。值得注意的是，标普500指数相较于去年3月23日创造的疫情期间收盘最低点2237.40点已经翻倍。\n\n二战以来最快翻倍\nCNBC对标准普尔500全球公司数据的分析显示，股市花了354个交易日达到了这样的高度，是二战以来最快的翻倍。\n标准普尔500指数曾在2009年3月9日触及676.53点的底部，而该指数直到2011年4月27日收盘时才达到这个数字的两倍。...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2021-08-17/doc-ikqciyzm1966875.shtml\">Web Link</a>\n\n</div>\n","source":"gjjrb","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>美股走出创纪录行情，花旗：好日子或只剩不到一个月</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n美股走出创纪录行情，花旗：好日子或只剩不到一个月\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-17 14:25 北京时间 <a href=https://finance.sina.com.cn/stock/usstock/c/2021-08-17/doc-ikqciyzm1966875.shtml><strong>国际金融报 </strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>当地时间8月16日，美股再创盘中历史新高。值得注意的是，标普500指数相较于去年3月23日创造的疫情期间收盘最低点2237.40点已经翻倍。\n\n二战以来最快翻倍\nCNBC对标准普尔500全球公司数据的分析显示，股市花了354个交易日达到了这样的高度，是二战以来最快的翻倍。\n标准普尔500指数曾在2009年3月9日触及676.53点的底部，而该指数直到2011年4月27日收盘时才达到这个数字的两倍。...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2021-08-17/doc-ikqciyzm1966875.shtml\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3219c1e34771d4a607fc67aee82f7281","relate_stocks":{"SPXU":"三倍做空标普500ETF","QID":"纳指两倍做空ETF",".IXIC":"NASDAQ Composite","QQQ":"纳指100ETF","PSQ":"纳指反向ETF","DDM":"道指两倍做多ETF","DOG":"道指反向ETF","SDS":"两倍做空标普500ETF","OEX":"标普100","SDOW":"道指三倍做空ETF-ProShares",".SPX":"S&P 500 Index","SH":"标普500反向ETF","OEF":"标普100指数ETF-iShares",".DJI":"道琼斯","DJX":"1/100道琼斯","QLD":"纳指两倍做多ETF","SPY":"标普500ETF","IVV":"标普500指数ETF"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2021-08-17/doc-ikqciyzm1966875.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160927288","content_text":"当地时间8月16日，美股再创盘中历史新高。值得注意的是，标普500指数相较于去年3月23日创造的疫情期间收盘最低点2237.40点已经翻倍。\n\n二战以来最快翻倍\nCNBC对标准普尔500全球公司数据的分析显示，股市花了354个交易日达到了这样的高度，是二战以来最快的翻倍。\n标准普尔500指数曾在2009年3月9日触及676.53点的底部，而该指数直到2011年4月27日收盘时才达到这个数字的两倍。分析显示，牛市平均需要超过1000个交易日才能达到这一里程碑。\n分析认为，美国的超常规货币政策以及今年持续强劲的上市公司财报，是推动美股不断创出新高的主要原因。\n根据Refinitiv的数据，标准普尔500指数成分股公司第一季度的利润同比增长了53%，第二季度的增幅预计将达到93.8%。\n美银美林引述EPFR统计显示，美股基金上周净流入62.03亿美元，成为全球股票型基金吸金王，欧股基金也再流入15.4亿美元，全球新兴市场基金同步净流入9.98亿美元；相较下，偏重单一新兴市场的股票基金则全面失血。\n富兰克林证券投顾分析，全球经济增长动能触顶，未来复苏步调将因各国疫苗施打进度而出现分歧，预估疫苗覆盖率较高的欧美地区，将持续引领疫后复苏行情。\n还能持续多久\n随着美股不断创新高，市场对于未来涨势能否持续提出质疑。\n在花旗银行首席美股策略师托比亚斯·列夫科维奇（Tobias Levkovich）看来，美股的好日子可能只剩不到一个月了。他认为，美股在9月如果不会崩盘，整体表现也会非常糟糕。\nLevkovich担心税收增加、成本上升侵蚀公司获利能力、美联储缩减QE（Taper）操作，以及通胀愈发持久，这些因素将对美国股市产生影响。\n近日，《华尔街日报》通过分析美联储官员近期的采访和公开声明得出结论称，美联储内部正在达成一致，如果经济复苏持续，将在大约三个月内开始缩减债券购买，其中一些官员正推动在明年年中结束资产购买计划。\n据CNBC的7月联储调查显示，受访者认为美联储将于11月宣布Taper，1月份正式开始缩减。但上周路透的最新调查显示，9月宣布Taper成为新的共识。\n先锋领航告诉《国际金融报》记者，美联储今年宣布采用“平均通胀目标”制，即将2%设为长期目标而非上限。也就是说，美联储将能够容忍通胀在一段时间内超过2％。我们预计政策将在2021年后半年维持宽松，但美联储有可能会在下半年宣布放缓资产购买步伐。\n近日高盛也表示，要为美股大幅下跌做好对冲。标普500指数已经有近200天没有出现下跌5%的情况，为过去100年来最长持续时间之一。随着股票和债券越来越贵，多资产组合也变得更容易受到利率和经济增长冲击的影响。\n瑞银资产管理（上海）董事、资产配置基金经理此前在接受《国际金融报》记者采访时表示，从历史上来，美股现在的估值偏贵，对于偏成长类的资产来讲，比如科技股等估值更贵。但是从估值的层面很难讲在短期内会有什么样的走势。从短期来看，我们关注的还是宏观变量的变化，比如流动性的变化、经济增长的变化和政策方面的变化。我们认为目前对于美股的资产，特别是一些估值偏高的资产应采取谨慎的态度，最好是通过一些防御类的资产配置做整体的平衡。","news_type":1},"isVote":1,"tweetType":1,"viewCount":638,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":800646559,"gmtCreate":1627301287871,"gmtModify":1633766383311,"author":{"id":"4087344389832800","authorId":"4087344389832800","name":"欣心","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087344389832800","idStr":"4087344389832800"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/800646559","repostId":"1120839655","repostType":4,"isVote":1,"tweetType":1,"viewCount":147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175472681,"gmtCreate":1627048121943,"gmtModify":1633768464635,"author":{"id":"4087344389832800","authorId":"4087344389832800","name":"欣心","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087344389832800","idStr":"4087344389832800"},"themes":[],"htmlText":"[贱笑] ","listText":"[贱笑] ","text":"[贱笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/175472681","repostId":"1169383564","repostType":4,"repost":{"id":"1169383564","pubTimestamp":1627045308,"share":"https://www.laohu8.com/m/news/1169383564?lang=&edition=full","pubTime":"2021-07-23 21:01","market":"hk","language":"zh","title":"手机看奥运，除了央视、腾讯、快手、咪咕，全是盗播","url":"https://stock-news.laohu8.com/highlight/detail?id=1169383564","media":" IT时报","summary":"30秒快读\n1.今天，东京奥运正式开幕，奥运大戏到底去哪儿看？\n2.央视、中国移动咪咕、快手、腾讯是仅有的四个“正版奥运”视频平台。\n3.全民看奥运之际，一场奥运赛事版权保卫战正在打响。\n央视无疑仍是","content":"<p><b>30秒快读</b></p>\n<p><b>1.今天，东京奥运正式开幕，奥运大戏到底去哪儿看？</b></p>\n<p><b>2.央视、中国移动咪咕、快手、腾讯是仅有的四个“正版奥运”视频平台。</b></p>\n<p><b>3.全民看奥运之际，一场奥运赛事版权保卫战正在打响。</b></p>\n<p>央视无疑仍是顶级直播、转播平台，据《IT时报》记者了解，中国移动咪咕、快手、腾讯已获得央视授权，上述三家互联网平台将主要获得奥运赛事的点播、短视频等权益，而针对不同奥运项目和赛事的转播会存在相应的延时。</p>\n<p>7月20日，中央广播电视总台发布关于第32届夏季奥林匹克运动会版权保护的声明，声明中表示，除中国移动咪咕、快手、腾讯获得总台授权外，其他机构均未获授权转播2020东京奥运会赛事节目。腾讯相关负责人介绍，在本次东京奥运会期间，腾讯将进行全项目全场次的转播，共包含33个大项和339个小项，腾讯前方团队人员多达200多人，全程为中国网友带来奥运一手资讯。</p>\n<p><img src=\"https://static.tigerbbs.com/13297568c9841060f241a6ab136ec091\" tg-width=\"528\" tg-height=\"375\" referrerpolicy=\"no-referrer\"></p>\n<p>图源：企鹅智酷</p>\n<p>随着奥运的临近，奥运版权保护成为授权转播商们必须重视的问题，非法体育直播平台、短视频平台上的内容制作者等对奥运收视香饽饽的潜在威胁已经浮出水面。</p>\n<p>01 手机是第一奥运观赛手段</p>\n<p>从2008年北京奥运会各大门户网站参与奥运咨询报道开始，直到2016年里约奥运会视频网站的赛事直播，奥运赛事与互联网的连接随着时代发展越来越紧密。</p>\n<p>根据《里约之后，中国体育走向何方》报告数据显示，受众对于奥运的信息关注渠道比例已经从电视为绝对渠道到电视、网络、社媒、自媒体、论坛等多种信息传播方式的集合，在观看设备上，手机占比达78.8%，超过电视的59.1%，成为全民观赛中心。</p>\n<p><img src=\"https://static.tigerbbs.com/dcb15d8e7be771e3ba3e59febb453fe7\" tg-width=\"528\" tg-height=\"380\" referrerpolicy=\"no-referrer\"></p>\n<p>图源：企鹅制酷</p>\n<p>随着线上观看奥运成为刚需，视频平台相关版权归属直接决定奥运期间各平台的“江湖地位”。7月6日腾讯宣布入局，基本确立了由快手、腾讯和中国移动咪咕组成的奥运新媒体版权格局，这三家平台将联合为网民带来奥运相关内容。</p>\n<p>作为官方转播商之一的腾讯在奥运赛事的宣传中也强调了版权，承诺在东京奥运会期间提供充足的赛事点播、短视频和互动内容，围绕版权生产赛场内外丰富内容。同时，据《IT时报》记者了解，腾讯的相关法务办公室也将在奥运期间对奥运版权内容加强保护。</p>\n<p>此前，腾讯曾陷入长视频与短视频平台的版权之争中。6月3日，第九届中国网络视听大会上，腾讯高管发言猛烈，他直言“部分低智低俗短视频内容长期影响用户心智”，这些短视频就像猪食，“你喜欢猪食，看到的就全是猪食”。这番“猪食论”刷爆全网的同时，足见视频领域争夺之激烈，而版权则是视频赛道的核心。</p>\n<p>02 比赛和电影一样吗？</p>\n<p>如果互联网平台上充斥着大量如奥运精彩瞬间、夺冠集锦等奥运剪辑视频，是否属于侵权？</p>\n<p>上海联合律师事务所李登川律师向记者介绍，此类剪辑视频侵犯了权利人的著作权，体育赛事视频属于新修订的《著作权法》第三条中规定的“视听作品”，受著作权法的保护。</p>\n<p>随着网络直播的快速发展，网络体育赛事直播侵权的比重呈现上升趋势。由于此前《著作权法》对体育赛事节目法律性质的认定问题，常常出现“同案不同判”的现象，不少体育赛事直播节目遭遇侵权盗播后的维权困难。</p>\n<p>今年6月1日开始施行的新修《著作权法》有效缓解了上述问题，新修《著作权法》第三条将“电影作品和以类似摄制电影的方法创作的作品”改为“视听作品”。第四十五条将广播台、电视台有权禁止未经许可的行为扩大到“以有线或者无线方式转播”“将其播放的广播、电视通过信息网络向公众传播”。</p>\n<p><img src=\"https://static.tigerbbs.com/2e40ba6c393a2fec41ba3f5faa37b573\" tg-width=\"898\" tg-height=\"1196\" referrerpolicy=\"no-referrer\"></p>\n<p>图源：中央广播电视总台</p>\n<p>李登川表示，获得著作权法保护的作品需要具有独创性，而修订前的《著作权法》只规定了电影作品和类电作品，体育赛事视频是否具有独创性就成了学界和司法界持续争论的焦点。修订后，广播电视台对于互联网体育赛事直播侵权拥有了更强力的法律武器。</p>\n<p>比起央视总台在往届奥运会发布的类似声明，此次声明明确了各类侵权行为，对于侵权的界定要严格许多，包括了所有通过电视、广播、互联网、移动通信网、IPTV、互联网电视、移动媒体电视、各类应用软件及其他任何音频转播技术或平台以直播、延迟播出、点播、轮播、回看、下载或剧场院线播放、公共场所播放及其他任何方式使用2020年东京奥运会的音视频节目内容、广播电视信号或任何相关素材，或从事其他利用、搭借2020年东京奥运会的行为。</p>\n<p>李登川表示，当下版权保护力度加大的态势很明显，惩罚性赔偿金额也会相应提高。</p>\n<p>03 技术加码版权维护</p>\n<p>面对海量的侵权视频，尤其是短视频平台由个人发布的奥运视频剪辑内容，版权拥有方将如何应对？据《IT时报》记者观察，在未得到官方授权的视频平台中输入“奥运”进行搜索，依然能发现许多往届奥运会的相关视频，至于发布者有没有获得授权，截至记者发稿并未获得平台方和发布者的回复。</p>\n<p>中央广播电视总台总经理室版权运营中心副主任严波此前曾表示，央视将使用更先进的技术，如区块链、大数据、云计算等进行准确分析，更精确地打击侵权者，并采取更有力的法律行动。</p>\n<p>技术加码版权维护是当下视频维权的特点与亮点，根据国家版权局发布《2020年中国网络版权产业发展报告》，区块链、DRM、人工智能、数字水印等数字版权管理与保护等新技术的应用，在版权确权、侵权监测、司法维权等互联网领域版权保护上进一步助力我国网络版权保护。</p>\n<p><img src=\"https://static.tigerbbs.com/756f6e69252992e567c0150f151f508a\" tg-width=\"1080\" tg-height=\"256\" referrerpolicy=\"no-referrer\"></p>\n<p>图源：冠勇科技官网</p>\n<p>以与中国网络电视台合作的冠勇科技为例，资料显示，冠勇科技为合作方提供版权监测服务及维权下线服务，依托自主研发的海量音视图文搜索、版权大数据挖掘、云计算等技术，打造了“7×24”小时全平台、全时段、全网络版权监测体系，有效打击网络侵权，保护了多届奥运会、NBA等体育赛事的网络传播权，侵权链接下线率达95%以上。</p>","source":"lsy1568283298901","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n手机看奥运，除了央视、腾讯、快手、咪咕，全是盗播\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 21:01 北京时间 <a href=https://mp.weixin.qq.com/s/7kbR8RCJgRPXgrytDUXjYQ><strong> IT时报</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>30秒快读\n1.今天，东京奥运正式开幕，奥运大戏到底去哪儿看？\n2.央视、中国移动咪咕、快手、腾讯是仅有的四个“正版奥运”视频平台。\n3.全民看奥运之际，一场奥运赛事版权保卫战正在打响。\n央视无疑仍是顶级直播、转播平台，据《IT时报》记者了解，中国移动咪咕、快手、腾讯已获得央视授权，上述三家互联网平台将主要获得奥运赛事的点播、短视频等权益，而针对不同奥运项目和赛事的转播会存在相应的延时。\n7月20...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/7kbR8RCJgRPXgrytDUXjYQ\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/62b72db02b524e63a385a202807fd518","relate_stocks":{"00700":"腾讯控股","01024":"快手-W"},"source_url":"https://mp.weixin.qq.com/s/7kbR8RCJgRPXgrytDUXjYQ","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169383564","content_text":"30秒快读\n1.今天，东京奥运正式开幕，奥运大戏到底去哪儿看？\n2.央视、中国移动咪咕、快手、腾讯是仅有的四个“正版奥运”视频平台。\n3.全民看奥运之际，一场奥运赛事版权保卫战正在打响。\n央视无疑仍是顶级直播、转播平台，据《IT时报》记者了解，中国移动咪咕、快手、腾讯已获得央视授权，上述三家互联网平台将主要获得奥运赛事的点播、短视频等权益，而针对不同奥运项目和赛事的转播会存在相应的延时。\n7月20日，中央广播电视总台发布关于第32届夏季奥林匹克运动会版权保护的声明，声明中表示，除中国移动咪咕、快手、腾讯获得总台授权外，其他机构均未获授权转播2020东京奥运会赛事节目。腾讯相关负责人介绍，在本次东京奥运会期间，腾讯将进行全项目全场次的转播，共包含33个大项和339个小项，腾讯前方团队人员多达200多人，全程为中国网友带来奥运一手资讯。\n\n图源：企鹅智酷\n随着奥运的临近，奥运版权保护成为授权转播商们必须重视的问题，非法体育直播平台、短视频平台上的内容制作者等对奥运收视香饽饽的潜在威胁已经浮出水面。\n01 手机是第一奥运观赛手段\n从2008年北京奥运会各大门户网站参与奥运咨询报道开始，直到2016年里约奥运会视频网站的赛事直播，奥运赛事与互联网的连接随着时代发展越来越紧密。\n根据《里约之后，中国体育走向何方》报告数据显示，受众对于奥运的信息关注渠道比例已经从电视为绝对渠道到电视、网络、社媒、自媒体、论坛等多种信息传播方式的集合，在观看设备上，手机占比达78.8%，超过电视的59.1%，成为全民观赛中心。\n\n图源：企鹅制酷\n随着线上观看奥运成为刚需，视频平台相关版权归属直接决定奥运期间各平台的“江湖地位”。7月6日腾讯宣布入局，基本确立了由快手、腾讯和中国移动咪咕组成的奥运新媒体版权格局，这三家平台将联合为网民带来奥运相关内容。\n作为官方转播商之一的腾讯在奥运赛事的宣传中也强调了版权，承诺在东京奥运会期间提供充足的赛事点播、短视频和互动内容，围绕版权生产赛场内外丰富内容。同时，据《IT时报》记者了解，腾讯的相关法务办公室也将在奥运期间对奥运版权内容加强保护。\n此前，腾讯曾陷入长视频与短视频平台的版权之争中。6月3日，第九届中国网络视听大会上，腾讯高管发言猛烈，他直言“部分低智低俗短视频内容长期影响用户心智”，这些短视频就像猪食，“你喜欢猪食，看到的就全是猪食”。这番“猪食论”刷爆全网的同时，足见视频领域争夺之激烈，而版权则是视频赛道的核心。\n02 比赛和电影一样吗？\n如果互联网平台上充斥着大量如奥运精彩瞬间、夺冠集锦等奥运剪辑视频，是否属于侵权？\n上海联合律师事务所李登川律师向记者介绍，此类剪辑视频侵犯了权利人的著作权，体育赛事视频属于新修订的《著作权法》第三条中规定的“视听作品”，受著作权法的保护。\n随着网络直播的快速发展，网络体育赛事直播侵权的比重呈现上升趋势。由于此前《著作权法》对体育赛事节目法律性质的认定问题，常常出现“同案不同判”的现象，不少体育赛事直播节目遭遇侵权盗播后的维权困难。\n今年6月1日开始施行的新修《著作权法》有效缓解了上述问题，新修《著作权法》第三条将“电影作品和以类似摄制电影的方法创作的作品”改为“视听作品”。第四十五条将广播台、电视台有权禁止未经许可的行为扩大到“以有线或者无线方式转播”“将其播放的广播、电视通过信息网络向公众传播”。\n\n图源：中央广播电视总台\n李登川表示，获得著作权法保护的作品需要具有独创性，而修订前的《著作权法》只规定了电影作品和类电作品，体育赛事视频是否具有独创性就成了学界和司法界持续争论的焦点。修订后，广播电视台对于互联网体育赛事直播侵权拥有了更强力的法律武器。\n比起央视总台在往届奥运会发布的类似声明，此次声明明确了各类侵权行为，对于侵权的界定要严格许多，包括了所有通过电视、广播、互联网、移动通信网、IPTV、互联网电视、移动媒体电视、各类应用软件及其他任何音频转播技术或平台以直播、延迟播出、点播、轮播、回看、下载或剧场院线播放、公共场所播放及其他任何方式使用2020年东京奥运会的音视频节目内容、广播电视信号或任何相关素材，或从事其他利用、搭借2020年东京奥运会的行为。\n李登川表示，当下版权保护力度加大的态势很明显，惩罚性赔偿金额也会相应提高。\n03 技术加码版权维护\n面对海量的侵权视频，尤其是短视频平台由个人发布的奥运视频剪辑内容，版权拥有方将如何应对？据《IT时报》记者观察，在未得到官方授权的视频平台中输入“奥运”进行搜索，依然能发现许多往届奥运会的相关视频，至于发布者有没有获得授权，截至记者发稿并未获得平台方和发布者的回复。\n中央广播电视总台总经理室版权运营中心副主任严波此前曾表示，央视将使用更先进的技术，如区块链、大数据、云计算等进行准确分析，更精确地打击侵权者，并采取更有力的法律行动。\n技术加码版权维护是当下视频维权的特点与亮点，根据国家版权局发布《2020年中国网络版权产业发展报告》，区块链、DRM、人工智能、数字水印等数字版权管理与保护等新技术的应用，在版权确权、侵权监测、司法维权等互联网领域版权保护上进一步助力我国网络版权保护。\n\n图源：冠勇科技官网\n以与中国网络电视台合作的冠勇科技为例，资料显示，冠勇科技为合作方提供版权监测服务及维权下线服务，依托自主研发的海量音视图文搜索、版权大数据挖掘、云计算等技术，打造了“7×24”小时全平台、全时段、全网络版权监测体系，有效打击网络侵权，保护了多届奥运会、NBA等体育赛事的网络传播权，侵权链接下线率达95%以上。","news_type":1},"isVote":1,"tweetType":1,"viewCount":956,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":178924107,"gmtCreate":1626784040109,"gmtModify":1633771094875,"author":{"id":"4087344389832800","authorId":"4087344389832800","name":"欣心","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087344389832800","idStr":"4087344389832800"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/178924107","repostId":"2152669205","repostType":4,"isVote":1,"tweetType":1,"viewCount":410,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147243349,"gmtCreate":1626361013781,"gmtModify":1633927482574,"author":{"id":"4087344389832800","authorId":"4087344389832800","name":"欣心","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087344389832800","idStr":"4087344389832800"},"themes":[],"htmlText":"[得意] 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","text":"[得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/147243349","repostId":"1172475867","repostType":4,"isVote":1,"tweetType":1,"viewCount":835,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":147255552,"gmtCreate":1626360800476,"gmtModify":1633927486445,"author":{"id":"4087344389832800","authorId":"4087344389832800","name":"欣心","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087344389832800","idStr":"4087344389832800"},"themes":[],"htmlText":"说说你对这篇新闻的看法...","listText":"说说你对这篇新闻的看法...","text":"说说你对这篇新闻的看法...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/147255552","repostId":"1172475867","repostType":4,"isVote":1,"tweetType":1,"viewCount":947,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":147252899,"gmtCreate":1626360741811,"gmtModify":1633927487579,"author":{"id":"4087344389832800","authorId":"4087344389832800","name":"欣心","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087344389832800","idStr":"4087344389832800"},"themes":[],"htmlText":"[得意] ","listText":"[得意] ","text":"[得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/147252899","repostId":"2151522632","repostType":4,"repost":{"id":"2151522632","pubTimestamp":1626359766,"share":"https://www.laohu8.com/m/news/2151522632?lang=&edition=full","pubTime":"2021-07-15 22:36","market":"hk","language":"zh","title":"开启上市近两月，网易云音乐始终未披露正版率引关注","url":"https://stock-news.laohu8.com/highlight/detail?id=2151522632","media":"财经E法","summary":"虽然正版率并非强制披露的信息，但由于版权问题可能引发各类合规风险，甚至重大风险，披露正版率在音乐行业显得十分重要。\n\n腾讯音乐上市3年后，在线音乐市场另一平台——网易云音乐亦开启上市之路。5月26日晚","content":"<blockquote>\n 虽然正版率并非强制披露的信息，但由于版权问题可能引发各类合规风险，甚至重大风险，披露正版率在音乐行业显得十分重要。\n</blockquote>\n<p><a href=\"https://laohu8.com/S/TME\">腾讯音乐</a>上市3年后，在线音乐市场另一平台——网易云音乐亦开启上市之路。5月26日晚间，网易云音乐正式向港交所递交招股书。</p>\n<p>招股书虽然披露了网易云音乐的拥有超过6000万首的曲库，独立音乐人作品数量超过100万。但对于所收录音乐作品的正版率，招股说明书没有披露，这引发了业内关注。虽然正版率并非强制披露的信息，但由于版权问题可能引发各类合规风险，甚至重大风险，披露正版率在音乐行业显得十分重要。</p>\n<p>《财经》E法注意到，目前国内及国外已上市的在线音乐平台为腾讯音乐及Spotify。其中，腾讯音乐2020年年报中披露的版权音乐覆盖率——也就是正版率为85%；Spotify在2018年上市时，在招股说明书中披露的正版率亦为85%。</p>\n<p>关于国内在线音乐平台版权音乐的覆盖率，可查到的数据亦停留在5年前。2016年7月，第三方咨询研究机构艾瑞咨询发布了《2016年中国在线音乐行业研究报告》。这份报告首次统计了国内几大主流音乐平台的版权音乐覆盖率，网易云音乐的正版率为70%，排名第二。随后几年中，除腾讯音乐在招股书和年报中披露正版率外，其余在线音乐平台的正版率再无最新信息。</p>\n<p>但是，网易云音乐招股书中将版权问题列入风险因素中。主要风险包括，其大部分音乐内容来自内容合作伙伴的授权，从若干在线音乐平台取得授权并与其在同一市场竞争。网易云音乐无法保证在将来仍可继续以有利及商业上合理的版税率及条款取得目前拥有的版权，或根本无法取得授权。也无法保证拥有平台上音乐的所有授权，因为需要从众多版权人处取得授权，而其中有一部分并不为人所知，且存在复杂的法律问题。</p>\n<p>按照中国法律，为取得在互联网上提供音乐内容或供用户在平台上下载或播放音乐的权利，或提供其他相关在线音乐服务，必须取得就一项或多项经济权利向适当的版权所有人取得授权，其中包括词曲著作权及录音权等。</p>\n<p>第三方可能会声称网易云音乐侵犯他们对有关内容的版权或存在其他侵权行为。在找到了有关版权所有人的情况下，网易云音乐过去在努力且将来也会继续努力寻求获得未获授权曲目的授权，并与相关的版权所有人订立协议。倘若网易云音乐无法就平台上提供的所有内取得完整授权，根据国内法律，或将必须承担责任。涉及的法律包括《著作权法》、《信息网络传播权保护条例》等。</p>\n<p>招股书还披露， 网易云音乐获取音乐版权主要包含三个渠道：厂牌（大型唱片公司）以及其他机构，以保底或者业绩表现支付授权费，费用金额取决于内容、表演者受欢迎程度以及与厂牌的关系，并且与几个线上音乐平台签署协议，拿到他们授权的内容；独立音乐人，是指以独立音乐人身份在平台登记并在平台发布歌曲，与其中优秀独立音乐人签署授权协议（通常是录音、词曲权），可能独家或非独家，基于表现（播放量、数专销售量、广告收入、虚拟礼物等）支付授权费；与在线直播表演者以及公会签服务协议以及收入分成协议（包括授权UGC内容相应版权）。</p>\n<p>而对于版权保护流程及政策，网易云音乐采取接到侵权通知后下架的方式。如果是用户上传的内容，将暂停该用户账号使用或终止用户账号。另外，还有专门团队负责采购版权并且有专门的流程，确保曲库内容合法。</p>\n<p>有关网易云音乐版权的纷争偶有出现，并不时爆发出一些热点事件。</p>\n<p>2018年4月1日的周杰伦歌曲突击售卖事件是其中之一，在音乐行业引发轩然大波。按照版权协议约定，网易云音乐中周杰伦音乐的授权到期日为2018年3月31日。3月31日17点24分，协议到期后歌曲下架的通知发送到网易方面。但在3月31日22点，网易客服账号开始在网易云音乐APP内推送即将下架周杰伦歌曲的系统消息，并推荐用户购买合辑。3月31日23点44，网易云音乐在官微上发布<a href=\"https://laohu8.com/S/WB\">微博</a>，再次引导用户购买合辑。4月1日零点45分，网易云音乐上架《周杰伦热门歌曲合辑》，并通过网易运营与客服全网push消息，再次推荐用户购买周杰伦合集。4月1日7点左右，售卖活动结束，网易云音乐累计售卖周杰伦合集时间约为9小时，售卖共计约10.23万首单曲，合计金额约为20.46万元。这一突击式销售发生在4月1日以后，也就是说，销售时，授权协议已经终止了。</p>\n<p>《财经》E法检索中国裁判文书网发现，从2017年至今，网易云音乐因版权问题被列为被告的案件超过270起。有知情人士告诉《财经》E法，近期，中国音乐著作权协会开始在各应用市场就音乐版权侵权问题对网易云音乐进行投诉。</p>\n<p>《财经》E法就招股书未披露正版率的原因，目前正版率等问题向网易发出采访邮件，但截至发稿时，未获对方回应。</p>","source":"lsy1597039355891","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>开启上市近两月，网易云音乐始终未披露正版率引关注</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n开启上市近两月，网易云音乐始终未披露正版率引关注\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 22:36 北京时间 <a href=https://mp.weixin.qq.com/s/-oQcguG6czuij3u_Ol-N_g><strong>财经E法</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>虽然正版率并非强制披露的信息，但由于版权问题可能引发各类合规风险，甚至重大风险，披露正版率在音乐行业显得十分重要。\n\n腾讯音乐上市3年后，在线音乐市场另一平台——网易云音乐亦开启上市之路。5月26日晚间，网易云音乐正式向港交所递交招股书。\n招股书虽然披露了网易云音乐的拥有超过6000万首的曲库，独立音乐人作品数量超过100万。但对于所收录音乐作品的正版率，招股说明书没有披露，这引发了业内关注。虽然...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/-oQcguG6czuij3u_Ol-N_g\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/33411eb756ce3e7c926fe32e42b6bf03","relate_stocks":{"NTES":"网易","09999":"网易-S"},"source_url":"https://mp.weixin.qq.com/s/-oQcguG6czuij3u_Ol-N_g","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2151522632","content_text":"虽然正版率并非强制披露的信息，但由于版权问题可能引发各类合规风险，甚至重大风险，披露正版率在音乐行业显得十分重要。\n\n腾讯音乐上市3年后，在线音乐市场另一平台——网易云音乐亦开启上市之路。5月26日晚间，网易云音乐正式向港交所递交招股书。\n招股书虽然披露了网易云音乐的拥有超过6000万首的曲库，独立音乐人作品数量超过100万。但对于所收录音乐作品的正版率，招股说明书没有披露，这引发了业内关注。虽然正版率并非强制披露的信息，但由于版权问题可能引发各类合规风险，甚至重大风险，披露正版率在音乐行业显得十分重要。\n《财经》E法注意到，目前国内及国外已上市的在线音乐平台为腾讯音乐及Spotify。其中，腾讯音乐2020年年报中披露的版权音乐覆盖率——也就是正版率为85%；Spotify在2018年上市时，在招股说明书中披露的正版率亦为85%。\n关于国内在线音乐平台版权音乐的覆盖率，可查到的数据亦停留在5年前。2016年7月，第三方咨询研究机构艾瑞咨询发布了《2016年中国在线音乐行业研究报告》。这份报告首次统计了国内几大主流音乐平台的版权音乐覆盖率，网易云音乐的正版率为70%，排名第二。随后几年中，除腾讯音乐在招股书和年报中披露正版率外，其余在线音乐平台的正版率再无最新信息。\n但是，网易云音乐招股书中将版权问题列入风险因素中。主要风险包括，其大部分音乐内容来自内容合作伙伴的授权，从若干在线音乐平台取得授权并与其在同一市场竞争。网易云音乐无法保证在将来仍可继续以有利及商业上合理的版税率及条款取得目前拥有的版权，或根本无法取得授权。也无法保证拥有平台上音乐的所有授权，因为需要从众多版权人处取得授权，而其中有一部分并不为人所知，且存在复杂的法律问题。\n按照中国法律，为取得在互联网上提供音乐内容或供用户在平台上下载或播放音乐的权利，或提供其他相关在线音乐服务，必须取得就一项或多项经济权利向适当的版权所有人取得授权，其中包括词曲著作权及录音权等。\n第三方可能会声称网易云音乐侵犯他们对有关内容的版权或存在其他侵权行为。在找到了有关版权所有人的情况下，网易云音乐过去在努力且将来也会继续努力寻求获得未获授权曲目的授权，并与相关的版权所有人订立协议。倘若网易云音乐无法就平台上提供的所有内取得完整授权，根据国内法律，或将必须承担责任。涉及的法律包括《著作权法》、《信息网络传播权保护条例》等。\n招股书还披露， 网易云音乐获取音乐版权主要包含三个渠道：厂牌（大型唱片公司）以及其他机构，以保底或者业绩表现支付授权费，费用金额取决于内容、表演者受欢迎程度以及与厂牌的关系，并且与几个线上音乐平台签署协议，拿到他们授权的内容；独立音乐人，是指以独立音乐人身份在平台登记并在平台发布歌曲，与其中优秀独立音乐人签署授权协议（通常是录音、词曲权），可能独家或非独家，基于表现（播放量、数专销售量、广告收入、虚拟礼物等）支付授权费；与在线直播表演者以及公会签服务协议以及收入分成协议（包括授权UGC内容相应版权）。\n而对于版权保护流程及政策，网易云音乐采取接到侵权通知后下架的方式。如果是用户上传的内容，将暂停该用户账号使用或终止用户账号。另外，还有专门团队负责采购版权并且有专门的流程，确保曲库内容合法。\n有关网易云音乐版权的纷争偶有出现，并不时爆发出一些热点事件。\n2018年4月1日的周杰伦歌曲突击售卖事件是其中之一，在音乐行业引发轩然大波。按照版权协议约定，网易云音乐中周杰伦音乐的授权到期日为2018年3月31日。3月31日17点24分，协议到期后歌曲下架的通知发送到网易方面。但在3月31日22点，网易客服账号开始在网易云音乐APP内推送即将下架周杰伦歌曲的系统消息，并推荐用户购买合辑。3月31日23点44，网易云音乐在官微上发布微博，再次引导用户购买合辑。4月1日零点45分，网易云音乐上架《周杰伦热门歌曲合辑》，并通过网易运营与客服全网push消息，再次推荐用户购买周杰伦合集。4月1日7点左右，售卖活动结束，网易云音乐累计售卖周杰伦合集时间约为9小时，售卖共计约10.23万首单曲，合计金额约为20.46万元。这一突击式销售发生在4月1日以后，也就是说，销售时，授权协议已经终止了。\n《财经》E法检索中国裁判文书网发现，从2017年至今，网易云音乐因版权问题被列为被告的案件超过270起。有知情人士告诉《财经》E法，近期，中国音乐著作权协会开始在各应用市场就音乐版权侵权问题对网易云音乐进行投诉。\n《财经》E法就招股书未披露正版率的原因，目前正版率等问题向网易发出采访邮件，但截至发稿时，未获对方回应。","news_type":1},"isVote":1,"tweetType":1,"viewCount":858,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":146588982,"gmtCreate":1626091045446,"gmtModify":1633930263996,"author":{"id":"4087344389832800","authorId":"4087344389832800","name":"欣心","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087344389832800","idStr":"4087344389832800"},"themes":[],"htmlText":"[难过] ","listText":"[难过] ","text":"[难过]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/146588982","repostId":"1147766744","repostType":4,"repost":{"id":"1147766744","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626088505,"share":"https://www.laohu8.com/m/news/1147766744?lang=&edition=full","pubTime":"2021-07-12 19:15","market":"us","language":"zh","title":"斗鱼宣布终止与虎牙的合并协议","url":"https://stock-news.laohu8.com/highlight/detail?id=1147766744","media":"老虎资讯综合","summary":"斗鱼宣布尊重并将遵循国家市场监管总局的决定，终止与虎牙的合并协议。公司此前宣布，根据合并协议的条款，董事会批准了总额为6000万美元的现金股息。考虑到合并终止，斗鱼董事会批准取消现金股利。腾讯与陈少杰","content":"<p>斗鱼宣布尊重并将遵循国家市场监管总局的决定，终止与虎牙的合并协议。公司此前宣布，根据合并协议的条款，董事会批准了总额为6000万美元的现金股息。考虑到合并终止，斗鱼董事会批准取消现金股利。腾讯与陈少杰先生（斗鱼直播创始人）终止股权转让协议。</p>\n<p>斗鱼盘前跌2.57%，虎牙盘前跌1.52%。</p>\n<p><img src=\"https://static.tigerbbs.com/a15fb73f1d4faff08641dfffff943d89\" tg-width=\"899\" tg-height=\"640\"><img src=\"https://static.tigerbbs.com/09f8f29e7c8032c2158fbd9337ee42af\" tg-width=\"899\" tg-height=\"640\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>斗鱼宣布终止与虎牙的合并协议</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n斗鱼宣布终止与虎牙的合并协议\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-07-12 19:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>斗鱼宣布尊重并将遵循国家市场监管总局的决定，终止与虎牙的合并协议。公司此前宣布，根据合并协议的条款，董事会批准了总额为6000万美元的现金股息。考虑到合并终止，斗鱼董事会批准取消现金股利。腾讯与陈少杰先生（斗鱼直播创始人）终止股权转让协议。</p>\n<p>斗鱼盘前跌2.57%，虎牙盘前跌1.52%。</p>\n<p><img src=\"https://static.tigerbbs.com/a15fb73f1d4faff08641dfffff943d89\" tg-width=\"899\" tg-height=\"640\"><img src=\"https://static.tigerbbs.com/09f8f29e7c8032c2158fbd9337ee42af\" tg-width=\"899\" tg-height=\"640\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6af724efafb5788a889a167ca9c1dc5c","relate_stocks":{"00700":"腾讯控股","HUYA":"虎牙","DOYU":"斗鱼"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147766744","content_text":"斗鱼宣布尊重并将遵循国家市场监管总局的决定，终止与虎牙的合并协议。公司此前宣布，根据合并协议的条款，董事会批准了总额为6000万美元的现金股息。考虑到合并终止，斗鱼董事会批准取消现金股利。腾讯与陈少杰先生（斗鱼直播创始人）终止股权转让协议。\n斗鱼盘前跌2.57%，虎牙盘前跌1.52%。","news_type":1},"isVote":1,"tweetType":1,"viewCount":557,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":148730189,"gmtCreate":1626014788641,"gmtModify":1633930909396,"author":{"id":"4087344389832800","authorId":"4087344389832800","name":"欣心","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087344389832800","idStr":"4087344389832800"},"themes":[],"htmlText":"[笑哭] 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