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Thursday, 13 September 2007 11:27

Fair use earns more than copyright

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$4.5 trillion

 

A report by the Computer and Communications Industry Association claims that the US makes more money from Fair Use exceptions to copyright laws.

The report said that Fair Use was worth $4.5 trillion to the US and much unprecedented economic growth of the past ten years.

CCIA President and CEO Ed Black said in a statement that the Internet itself depends on the ability to use content in a limited and nonlicensed manner. To stay on the edge of innovation and productivity, fair use is needed as one of the cornerstones for creativity and innovation.

The value added to the U.S. economy by copyright industries amounts to $1.3 trillion, said Black. The value added to the U.S. economy by the fair use amounts to $2.2 trillion.

$4.5 trillion in annual revenue attributable to fair use represents a 31% increase since 2002, the report said.

More here.

Last modified on Thursday, 13 September 2007 11:27

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