Report: Canadian Copyright Laws Shortchanging Artists
February 19, 2015 at 6:02 AM (PT)
CANADA's current copyright framework for recorded music is shortchanging artists, according to a new report from the C.D. HOWE INSTITUTE, "The Value of Copyrights in Recorded Music: Terrestrial Radio and Beyond." Author MARCEL BOYER finds that the competitive value of recorded music is about 2.5 times greater than the current level of copyright payments.
"In today's digital age, copyright regimes everywhere face common piracy threats along with wide dissemination," wrote BOYER. "Meanwhile, rights holders and users contest the market value of copyrights in public forums, legislatures and in the courts." According to BOYER, the root of those conflicts is the difficulty of properly valuing the intellectual property rights of authors, composers, performers and makers.
According to BOYER's calculations, in 2012, royalty payments should have been about $440 million compared to the estimated $178 million actually paid. "It is possible to determine the competitive value of recorded music in the terrestrial radio industry from the behavior and broadcast choices of radio operators," concluded BOYER. This value can help implement a fair copyright regime.
For the report, go here.