Copyright Time Bomb Set to Disrupt Music, Publishing Industries | Epicenter | Wired.com - 0 views
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A time bomb embedded in legislation from that era, the U.S. Copyright Act of 1976
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The Copyright Act includes two sets of rules for how this works. If an artist or author sold a copyright before 1978 (Section 304), they or their heirs can take it back 56 years later. If the artist or author sold the copyright during or after 1978 (Section 203), they can terminate that grant after 35 years.
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The first is to continue to claim that albums are compilations
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Tick Tock, The Copyright Act of 1976 is About to Expire. It's always entertaining to me to watch the money traps that the labels set for artists, back before information was freely available, EXPLODE! Welp, that's exactly what's about to go down. The Copyright Act states that an artist or author who sold a copyright before 1978 can take it back 56 years later and If it was sold during or after 1978 they can take it back 35 years later. Assuming a correct and prompt filing of paper work, the record labels could lose sound recording copyrights they bought in 1978 starting in 2013. How does this affect you? If the labels don't wanna lose the contents of their entire library you can make a for sure bet that the new copyright law will be negotiated in your favor. Higher royalties anyone?