Record labels bid to extend music copyright
This Friday is the second reading of a private members bill to increase the length of time recorded music can be kept under copyright. Extending copyright beyond 50 years would increase the record labels's profits by around 2% per year, but it wouldn't benefit the vast majority of working musicians, and it would cost the record buying public at least £240m per year.
The Bill has been proposed by Pete Wishart of the SNP, but it might as well have been written by the major record labels. What's more, several of the MPs who officially supported the Bill have received free tickets and hospitality from the music industry, so they're hardly impartial on the subject.
In fact, the Government has already looked at this issue - in 2006 they commissioned former FT editor Andrew Gowers to look at all aspects of intellectual property, but he came out against any extension of copyright on hard, economic grounds. His independent report, backed up by several Nobel prize winning academics, found that
extending copyright by 20 years would have a net cost to the UK economy of at least £155 million per year. There would also be a total cost to music consumers of £240-£480m, and a significant negative effect on the UK balance of trade.
Fortunately, all it will take to stop this unecessary and damaging bill is for one Labour MP to stand up on Friday 14th March and call out "object" when it comes up for second reading. Tell your local Labour MP to do the right thing, and stop this money grabbing assault on the general public and the UK creative industry by the major record labels.
In fact, the Government has already looked at this issue - in 2006 they commissioned former FT editor Andrew Gowers to look at all aspects of intellectual property, but he came out against any extension of copyright on hard, economic grounds. His independent report, backed up by several Nobel prize winning academics, found that
extending copyright by 20 years would have a net cost to the UK economy of at least £155 million per year. There would also be a total cost to music consumers of £240-£480m, and a significant negative effect on the UK balance of trade.
Fortunately, all it will take to stop this unecessary and damaging bill is for one Labour MP to stand up on Friday 14th March and call out "object" when it comes up for second reading. Tell your local Labour MP to do the right thing, and stop this money grabbing assault on the general public and the UK creative industry by the major record labels.
Record labels bid to extend music copyright | 2 comments (2 topical)
Record labels bid to extend music copyright | 2 comments (2 topical)


