Only in the move-fast-and-break-things part of the world. In other engineering professions (aviation, drilling, pharmacy) it can take a decade to go from initial design to fully-deployed product.
As far as copyrighted content stuff... I think a year or two is enough. Especially for movies and music which, afaik, make most of their money right after release. This would disincentivize most of the blatant copyright abuse happening today, while still allowing the creators to earn their money.