Along with this I think there needs to be a change in law to match the change in technology - Perhaps creative works should simply fall into the public domain after n years has passed?
Extrapolating... I'm not sure what this means for say LoTR, the Bible and baroque music. Putting religion aside, these have a large place in the social consciousness, so should effectively be owned by the public [yes, not a logical inference]
Hmm.. a Cathedral is clearly a creative work. Perhaps they are already owned by some kind of public trust, in effect [by subsidies]