Is Copyright Dead?
“Copyright is a very big issue in the legal world today, but in the business world, when you talk to consumers about protecting copyrights, it’s a dead issue. It’s gone. If you have a business model based on copyright, forget it,” opined Gerry Faulhaber, a Wharton School of Business professor at the University of Pennsylvania and the former chief economist for the FCC, at the Internet Video Policy Symposium in Washington earlier this week. Piracy, digital technology, attitude changes, and shifts in consumer expectations pose threats to businesses dependent on copyright to earn their revenues. Faulhaber believes the new revenue model should be based on controlling access to the items, especially bandwidth.
In industries like the media industry where organizations are creating copyrighted content and working hard to protect that ownership and earn money from it, what’s next? Has the chance to make money from our assets passed?
Thanks for sharing, Kim!
