According to this Sunday Times article, which I found via Max Barry, the UK government intends to extend the current copyright term for sound recordings from 50 years to 100 years.
James Purnell, the new minister for creative industries, believes the change will allow record companies to generate extra revenue to look for new talent and nurture it. Purnell, who will outline his plans in a speech next week, said: “The music industry is a risky business and finding talent and artists is expensive. There is a view that long-term earners are needed so that the record companies can plough money back into unearthing new talent.
“Bands like Coldplay will make enough money for their company to help them discover around 50 or 100 bands.”
I believe that if this change will actually have completely the opposite effect to that which Mr. Purnell believes, in fact record companies will cease to have an incentive to find new talent if they can continue to generate revenue from their back catalogue.
I think in light of Chris Martin’s comment “I don’t really care about EMI. I think shareholders are the great evil of this modern world.” it is ironic that Coldplay should be used as an example for the extension of copyright, the primary effect of which would be to increase the fortunes of future EMI shareholders.
If the government wishes to foster innovation and creativity in the music industry this is not the way to do it. Economically it makes sense for companies to lobby governments to change laws in their favour so that they can continue to profit from their back catalogue which they know to be profitable rather than gamble on new talent that hasn’t proven itself to be profitable.
In comparison the current term of protection for patents in the UK is 20 years, this forces technology companies to continually innovate, make new discoveries and invent new technologies in order to remain profitable.
The public benefits from music entering the public domain as it allows other companies to now sell the music and the competition in the industry drives down prices from their artificially high levels. The sound recordings of many artists from the fifties such as Frank Sinatra, Dean Martin and Nat ‘King’ Cole have now entered the public domain and as such are available on CD at very reasonable prices. These artist’s music is still being sold by their original record companies and I’m sure even though the copyright has expired that they continue to generate much revenue.
I believe that the current 50 year term is a reasonable balance between the interests of the record companies and those of the public.
There is further discussion of this article in the follow Slashdot thread: Extending Pop Music Copyrights
If you have any views on this issue you can write to your MP here or write to James Purnell directly via his website here
For further information you may be interested in James Purnell’s TheyWorkForYou.com profile
Tags: copyright