My feeling is that copyrights should be infinitely renewable, with say a 20 year term, but the renewal fee should double with each term so that Disney can have their infinite copyright on Snow White but at an ever-increasing cost so that they will need to make a decision about whether it makes sense to keep it.
My utopian vision: First registration is free and automatic. Copyright holders get an automated notification of expiring copyright and renewal is, say $1000 for the first term (adjusting for inflation) and doubling thereafter (also adjusting for inflation, so you don’t get a $2000 renewal but more like $4400 with 4% inflation). For corporate-held and posthumous extensions, the term would be 10 years.
The thing here is the exponentially increasing cost of renewing the copyright, with the inflation-adjustment I proposed and the 10-year term for a corporate or posthumous copyright, in 90 years, that $1000 renewal fee goes to $256000 in inflation-adjusted dollars. 110 years it’s a million dollars, 210 years it’s a billion dollars. If a work is worth spending that kind of money on renewing the copyright, why not let them keep it?
My feeling is that copyrights should be infinitely renewable, with say a 20 year term, but the renewal fee should double with each term so that Disney can have their infinite copyright on Snow White but at an ever-increasing cost so that they will need to make a decision about whether it makes sense to keep it.
My utopian vision: First registration is free and automatic. Copyright holders get an automated notification of expiring copyright and renewal is, say $1000 for the first term (adjusting for inflation) and doubling thereafter (also adjusting for inflation, so you don’t get a $2000 renewal but more like $4400 with 4% inflation). For corporate-held and posthumous extensions, the term would be 10 years.
> so that Disney can have their infinite copyright on Snow White
If copyright was inifinite, then Disney would never have been able to make Snow White in the first place. They didn't invent the story!
Even if they did, it seems like a huge negative to society for copywright not to expire.
The thing here is the exponentially increasing cost of renewing the copyright, with the inflation-adjustment I proposed and the 10-year term for a corporate or posthumous copyright, in 90 years, that $1000 renewal fee goes to $256000 in inflation-adjusted dollars. 110 years it’s a million dollars, 210 years it’s a billion dollars. If a work is worth spending that kind of money on renewing the copyright, why not let them keep it?