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5 min read Free Agency

Cayman for Creators: How South Africa Could Shake Up the Global Creative Economy

The law might play catch-up, but it is undefeated in forcing people to adapt.

Cayman for Creators: How South Africa Could Shake Up the Global Creative Economy
Photo by Zoë Reeve / Unsplash

So I thought we’d talk about a different bill, in a different part of the world, that also has big implications for media and creativity. We spend a lot of time looking at technology. That’s great. But laws end up shaping the environments quietly, then all at once.

Two weeks ago, Carl wrote about A-Corporations and cap tables.

He mentioned Yancey Strickler, the founder of the A-Corp structure, frames the structure as a response to a problem, which he calls the"1099 NPC" : creators generate massive value but can't capture it because they lack proper economic structures. His approach is to build better cars.

Create Artist-led companies: - new legal structures combining:

Yancy's Dream

South Africa is thinking about it a different way: building better roads. Their Constitutional Court is deliberating on a Copyright Amendment Bill that attacks the same issue from the opposite direction - rebuilding copyright law to prevent predatory extraction while trying to ensure creators get more economic participation.