True Copyright Modernization
The Progress & Freedom Foundation has just published my speech from last week's Vegas Music Conference. In "Does Capitol Hill Have a Clue? A Call for True Copyright Modernization," I detail various copyright bills on Capitol Hill and suggest that most of the disputes involving them wouldn't exist if we insted eliminated compulsory licensing in music. There would be a short-term increase in transaction costs and some chaos in the market, but the shared incentives of all parties to see music distributed would lead to a voluntary licensing regime that would be fairer to artists. Congress likely would need to draft some language protecting intermediaries facilitating the licenses from antitrust action.
FYI, an hour before PFF published the speech as a Progress Snapshot, Lamar Smith of Texas, the congressman that sponsors two key copyright bills combined into one called the Copyright Modernization Act of 2006, pulled the legislation for the year and said he'll try the next Congress.
