I imagine companies like Disney would lobby pretty hard against shortening copyright. A possible middle ground would be to return to the regime where copyright had to be registered and renewed regularly, with a cost to doing so.
I imagine companies like Disney would lobby pretty hard against shortening copyright. A possible middle ground would be to return to the regime where copyright had to be registered and renewed regularly, with a cost to doing so.
Under this model, it would cost about $2.5M to maintain a copyright for a full century. If a work still remains valuable, you’re looking at spending millions annually on renewals, with the cost doubling every decade. It’s an incentive to innovate rather than collect royalties on the old stuff forever.
/ 0 (n < 20)
\ 10000*2^(n-20) (n >= 20)
When 'n' reaches 30 (years) you’re already looking at ~$10 million dollars. A number like that looks like it benefits the big players, but what about 40 years? That’s ~$10.5 billion for one year. Disney’s going to have to think twice about if it’s worth it to keep paying. Add another 5 years, and now they’d be paying a third of a trillion dollars for one year. I don’t think they’d even reach that point before dropping it.The big problem with copyright is that some things don’t make sense to have copyrighted for 20 years, but some do (depending on who you ask, this may not be true). This becomes a problem when multi-billion dollar corporations own the copyright to something. That scale of money wasn’t a thing in the late 1700s when copyright was written into the Constitution.
Don't be confused by the numbers; that scale of money was most definitely a thing in the 1700s. Whether you measure it in 2020 USD or bolts of cloth isn't really relevant.
I don’t mind if Disney still owns “Snow White” a century from now, if they’re paying a $100M tax to do so.
Such a fee on each copyrighted work is a huge burden even for a large corporation. They’d choose carefully what they want to retain.
Why do you think only people with the big bucks should enjoy copyright protection? Who are you trying to benefit here?
Nice system that taxes huge ip and allows small authors to keep their stuff(or cash out).
Is it? It's interesting for a handful or iconic works, and it'd be interesting if copyright terms were significantly shorter, but right now, as a culture, we've mostly lost interest in things entering the public domain. We still got a Great Gatsby movie, but it was already a $2 paperback, and I assume people aren't that eager to publish fan fiction for it.
> I imagine companies like Disney would lobby pretty hard against shortening copyright.
That, and in a world with shortening copyright, they wouldn't have pushed so hard on promoting Mickey Mouse, and with Star Wars coming up on 50 years old, maybe they wouldn't have invested in the Star Wars universe when randos could make their own movies and theme park lands.
Some of this IP is more recognized and loved because of long copyright terms.