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> There is really no economic advantage of copyright after 5-10 years I agree that Copyright lasts much too long, but there is a significant economic advantage

> There is really no economic advantage of copyright after 5-10 years I agree that Copyright lasts much too long, but there is a significant economic advantage to the Copyright holder for more than 5-10 years. Disney does not keep lobbying for longer copyright because they are stupid. Plenty of 10 year old media is still purchased.

Houshalter 12y ago
I meant there was no benefit to society. Obviously there is a benefit to (some incredibly small percent of extremely successful) copyright holders (at the expense of everyone else.) Even Disney movies still would have been made if they only got the revenue of the first five years. The vast majority of movie's profits are made at the box office and then a few years afterwards.
dragonwriter 12y ago
> I agree that Copyright lasts much too long, but there is a significant economic advantage to the Copyright holder for more than 5-10 years. Disney does not keep lobbying for longer copyright because they are stupid. ISTR seeing that for the vast majority of works, most of the income ever earned for the copyright holder is earned within the first 5-7 years after creation. Of course, some copyright holders have some works that are valuable longer, and use the proceeds from them to produce enough that they'll hit more of those jackpots (or can outright buy others.) But its not clear that supporting the ability to create those jackpots supports economic gains for society as a whole (rather than providing a gain for a minority of copyright holders at the expense of everyone else) or that it serves the constitutional purpose of copyright (which isn't to maximize rewards to creators, but to provide some reward to creators in order to "promote the Progress of Science and useful Arts".
- seanflyon 12y ago
  Most revenue means more than 50% of revenue, not all significant revue. If a work get 10% or 20% of its total revenue in its second decade than there is a significant increase in the incentive to create and publish if the creator owns that work for its second decade. Again, I agree that Copyright lasts much too long. I was responding to the statement "no economic advantage of copyright after 5-10 years" (which it seems I misunderstood anyway, Houshalter replied that they were referring to no net economic benefit to society).

Houshalter 12y ago

I meant there was no benefit to society. Obviously there is a benefit to (some incredibly small percent of extremely successful) copyright holders (at the expense of everyone else.) Even Disney movies still would have been made if they only got the revenue of the first five years. The vast majority of movie's profits are made at the box office and then a few years afterwards.

dragonwriter 12y ago

> I agree that Copyright lasts much too long, but there is a significant economic advantage to the Copyright holder for more than 5-10 years. Disney does not keep lobbying for longer copyright because they are stupid. ISTR seeing that for the vast majority of works, most of the income ever earned for the copyright holder is earned within the first 5-7 years after creation. Of course, some copyright holders have some works that are valuable longer, and use the proceeds from them to produce enough that they'll hit more of those jackpots (or can outright buy others.) But its not clear that supporting the ability to create those jackpots supports economic gains for society as a whole (rather than providing a gain for a minority of copyright holders at the expense of everyone else) or that it serves the constitutional purpose of copyright (which isn't to maximize rewards to creators, but to provide some reward to creators in order to "promote the Progress of Science and useful Arts".

seanflyon 12y ago
Most revenue means more than 50% of revenue, not all significant revue. If a work get 10% or 20% of its total revenue in its second decade than there is a significant increase in the incentive to create and publish if the creator owns that work for its second decade. Again, I agree that Copyright lasts much too long. I was responding to the statement "no economic advantage of copyright after 5-10 years" (which it seems I misunderstood anyway, Houshalter replied that they were referring to no net economic benefit to society).