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Disney Threat Prompts ByteDance AI App Halt

ByteDance to Curb AI Video App After Disney Legal Threat, Bedding Firm Drops 'Swift Home' Trademark Bid

London, UK - In a week of significant developments for major corporations, Chinese tech giant ByteDance has agreed to curb its AI video-making tool, Seedance, following a legal threat from Disney and complaints from other entertainment companies. Meanwhile, bedding firm Cathay Home has withdrawn its application for the "Swift Home" trademark after an appeal from pop star Taylor Swift. These events, along with concerns over data usage at Lloyds Banking Group and potential sale plans at Brewdog, highlight the dynamic nature of business and intellectual property rights.

ByteDance's decision to curb Seedance came after Disney sent a cease-and-desist letter, accusing the company of copyright infringement. According to BBC Technology and BBC Business, the AI app, which has gained popularity for its realistic videos, has drawn alarm from Hollywood studios. Videos made using the latest version of Seedance have proliferated online in recent days.

In a separate development, Cathay Home, the company behind the "Swift Home" trademark bid for bedding products, withdrew its application after Taylor Swift's team appealed to the US patents office. A representative for Cathay Home told the BBC that the decision was made because the disputed mark was not "essential to its business." Swift's team argued that similarities between the singer's trademarked designs and the company's mark could mislead consumers.

Elsewhere, Lloyds Banking Group is facing scrutiny over its use of staff data in pay negotiations. The company's chief executive, Charlie Nunn, acknowledged concerns over the practice, stating, "we have definitely listened." According to BBC Business, the bank was criticized for comparing employees' spending habits to the wider public to assess their financial resilience during the cost-of-living crisis.

Finally, Brewdog employees are expressing concern over potential sale plans. The Unite union reported that staff are "really concerned" for their futures. Financial experts AlixPartners have been brought in to attract new investors, a move that could see the Aberdeenshire-based firm broken up. According to BBC Business, staff received only a single email from senior management, with some learning about the potential sale through the press. Brewdog, in an email to staff seen by BBC Scotland News, called the decision a "normal and prudent step."

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Synthesized from multiple sources. Reviewed for accuracy.

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