Linked by Paul Cesarini on Mon 8th Sep 2003 03:02 UTC
Thanks to a provision in the 1976 Copyright Act, U.S. law allows the first purchaser of copyrighted material (a book, CD, etc) to subsequently re-sell that item without the copyright owner's consent. In this age of online distribution and the budding, halting attempts at legitimizing it, is the the right to re-sell going to be upheld?
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It's not entirely true that Blockbuster pays more for DVD's. The reason they pay higher fees is that movies are generally (with a few exceptions for major releases) released initially at a price point of around $99. After a few months, that drops to $75 or so, then $60 or so, and so on... eventually (6 or so months later) the video settles at a standard price of $12-18 dollars. Video rental places pay more, to have them when they first come out.
This enormous cost caused many of the rental places to collaborate on Renttrak, a system where video stores lease a copy of a video for an upfront fee of $6-10 but then split a percentage (30-40%) of revenues with the studios, etc.
I'm curious in this whole thread, whereby the overwhelming thought seems to be to reward ONLY the artists. What about producers/editors, graphic artists, composers, backup musicians, and all the other elements and people who combine to put that final fit and finish on an album?