On January 9, 2024, the US Department of Labor issued a Final Rule on Employee or Independent Contractor Classification under the Fair Labor Standards Act, returning to its prior multi-factor test for worker classification. In with the old and out with the new The “new” Final Rule isn’t so much new as it is a …
We’re now in the year 2024 after a very tumultuous previous year. The games industry lost nearly 10,500 jobs in 2023 and roughly 8,500 in 2022, according to some estimates. We were a little too correct when we commented last year that the world continues to be a relatively unpredictable place. Here are our thoughts …
Next year, many companies will have a new compliance requirement. Beginning January 1, 2024, the Corporate Transparency Act (CTA) will require that domestic US companies and foreign entities operating within the US disclose their Beneficial Ownership Information. Under the CTA, companies will have to file their BOI report with the Financial Crimes Enforcement Network, or …
Amidst a challenging year for the games industry, Forbes acknowledged thirty North American creators, founders, businesspeople, and other contributors revolutionizing the industry. Among those recognized were two content creator clients of Odin Law and Media and three team members at video game studio clients: Tarik Celik – Content Creator, Sentinels Xalavier Nelson, Jr. – Founder, …
Five Odin Clients Named to Forbes’ North America “30 under 30: Games” for 2024 Read More »
As a law firm that primarily works with video game companies, everyone on staff is a gamer in their own right. Here’s what we’ve been playing this fall of 2023: Minecraft by Mojang Studios My son has pulled me back into vanilla Minecraft but he is now old enough that we can play on survival …
In the spirit of Thanksgiving, we pause to reflect on the partnerships, challenges and growth that have defined our journey in serving our clients this year. We extend our appreciation to the dev studios, publishers, tech providers, and content creators. Our clients represent the innovative backbone of an industry that continues to evolve. It’s a …
Reflecting on Gratitude: A Thanksgiving Message from Odin Law and Media Read More »
Maintaining proper corporate formalities and record-keeping practices is crucial for a company’s good governance and legal compliance. Failure to maintain corporate formalities can remove the liability protection provided by a corporate entity, and failure to maintain corporate books and records can make any number of activities more difficult, from day to day operations, to fundraising …
As exciting as receiving equity in a growing startup can be, without advanced planning, that equity can carry with it some severe tax consequences. An 83(b) election is a tool that new stockholders who are subject to vesting can use to mitigate the tax burden that otherwise comes with the vesting of their shares. Granting …
What is an 83(b) election? And what does it have to do with restricted stock? Read More »
As of September 25, 2023, SAG-AFTRA’s members voted 98.32% in favor of a strike authorization on the Interactive Media Agreement which covers the union’s work on video games. The industry bargaining group representing signatory game companies to the Interactive Media Agreement consists of the following companies: Activision Productions Inc., Blindlight LLC, Disney Character Voices Inc., …
We’re thrilled to welcome Kevin Dong to our Odin Law and Media Team! Kevin Dong, Attorney Kevin Dong joins Odin Law and Media to build a practice focused on corporate and transactional law, focusing primarily on entertainment and technology clients. His practice has a particularly strong emphasis on video games, content creators, anime, esports, and …