Assuming some nominal or zero starting fee. The author can choose to sell his rights at the beginning, or can choose to keep the rights.
If x years later, the renewal comes up and isn't worth it, then he doesn't have to pay it. the value to the author isn't worth the value to the public. If a mega corp comes along and buys it, they have taken on a risk that it will be worth more in the future, and the author has gained some extra income.
If the mega corp think its worth buying the rights, theres probably a good business case for the property, so the author should be able to get the money somehow. If not, the mega corp is giving the author a nice bonus.
It's also possible that you could set up a smaller fee for a news article, etc.
There are lots of implementation details that make "just charge fees" work.
So I use a 4 year old work, that I assume is public domain, and then the creator, pays his back fees and sues me?
alternatively, a creator creates a work, gets 5 years of protection, and never pays the fees that he owes.
The alternative is that everyone's blog enters the public domain immediately upon writing unless they want to pay $XXX per article, which also seems wrong to me.
Does Jackson own the IP? Do actors own part of the IP for every scene they're in? What does Jackson offer to investors, to get the backing he needs to hire loads of horse riders or whatever? Do we do it Star Citizen style, giving Jackson a few hundred million upfront with no obligation to deliver anything?
On the other hand: if an artist produces something that slumbers in anonymity for decades before it suddenly explodes into popularity and becomes part of the cultural canon, then I'd want the artist to reap whatever benefits possible. That is: if anyone is making big bucks off of that, it first and foremost should be the artist, for as long as they're alive.
I'm against long term copyright, because things become part of the 'cultural canon'
Why should I pay George Lucas because I want to say "use the force luke"*
'Cultural Canon' shouldn't be owned by anyone, because it, by definition belongs to everyone.
*Yes I know thats a misquote.