Copyright has its beginnings in the 16th century when Mary I, the r
eigning English monarch, granted monopoly and censorship powers to the Stationers’ Company under which though, no royalties were paid to the authors. This monopoly expired in 1694 and was eventually replaced in 1709 by the Statute of Anne, regarded as the first modern copyright law. The Stationers’ Company did not easily accept the Statute of Anne since it reduced their power and their profits. Since then, similar laws have been passed in most nations. With the Digital Millennium Copyright Act (DCMA) of 1998, in what can only be interpreted as an effort to preserve profits derived from lucrative but about-to-expire copyrights and to protect profits from the threat of peer-to-peer distribution of music via Napster & similar Internet services, entertainment media distribution companies forced an extension to American copyright law and a broadening of its terms to include criminal penalties for its breach. Today, copyright laws are not about safeguarding motivations to create as is frequently claimed by entertainment companies but about preserving profits from a business model that has become obsolete with the Internet.
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eigning English monarch, granted monopoly and censorship powers to the Stationers’ Company under which though, no royalties were paid to the authors. This monopoly expired in 1694 and was eventually replaced in 1709 by the Statute of Anne, regarded as the first modern copyright law. The Stationers’ Company did not easily accept the Statute of Anne since it reduced their power and their profits. Since then, similar laws have been passed in most nations. With the Digital Millennium Copyright Act (DCMA) of 1998, in what can only be interpreted as an effort to preserve profits derived from lucrative but about-to-expire copyrights and to protect profits from the threat of peer-to-peer distribution of music via Napster & similar Internet services, entertainment media distribution companies forced an extension to American copyright law and a broadening of its terms to include criminal penalties for its breach. Today, copyright laws are not about safeguarding motivations to create as is frequently claimed by entertainment companies but about preserving profits from a business model that has become obsolete with the Internet.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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