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Students must notify their college “of a contract for compensation for their NIL, in a manner designated by the postsecondary educational institution.”
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Sony's initative comes amid mounting pressure on the record industry to be more transparent about the way it distributes money, particularly from streaming services.

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Tedros said intellectual property waivers would not mean an end to all profits for vaccine makers. Under such waivers, pharmaceutical companies would help others produce their vaccines, giving up proprietary secrets and sacrificing at least some profits.

Thursday, Florida’s State Board of Education approved a set of rules to implement changes which for the first time, allows college athletes to receive money for their names, images and likenesses.