“Reuters is reporting that the British government has rejected a proposal to extend music recording copyrights from 50 to 95 years. Virtually all music is out of print in at 50 years, and extending copyright for another 45 years would only ensure that the vast majority of British recordings were long vanished and forgotten before they returned to the public domain. Economists calculated the net present value of the 95th year of copyright at less than the net present worth of a lottery ticket — so the government would do more for the average recording artist if they bought her a lotto ticket than if they gave her 45 years more copyright (…)”
Link: UK rejects music copyright extension
Via: BoingBoing
Via: Michael Geist