There's absolutely no reason we couldn't go back to the duration of the 1831 act, the 1790 act, or even less.pic.twitter.com/GIefUBaFiq
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There's absolutely no reason we couldn't go back to the duration of the 1831 act, the 1790 act, or even less.pic.twitter.com/GIefUBaFiq
When the big media companies model expected revenues for new works, do you think they project more than a minuscule amount of revenues more than 20 years after publication?
it's a fat tail phenomenon - modal work? zero revenue. mickey mouse? star wars?
They're going to discount revenues out that far so much that they're going to add less than 1%
Not rly - at 95% annual discounting a significant fraction of the net present value is after the 20th year, can't remember how to sum the series tho
I'd be surprised. The vast majority of revenues come in the first couple of years.
two different things - when are most revenues earned, and how much do they discount future revenue streams. If revenue is constant, first 20 yrs only represent 70% of present value
Oh, sure, 30% with constant revenues is reasonable, but nobody ever forecasts constant revenues for these works
(and tbh even the revenues they do project that far will probably be discounted more than that. They probably just cut off the model about that far out)
I guess what I really mean is a combination of: 1. Almost all the revenues are soon after publication 2. Discounting would be higher for highly variable revenues like this compared to steady revenues like real estate or bonds
hmm we'll agree to disagree on this - bottom line remains, it's not politically easy and if Trump tried it every facebooker and redditor in existence would suddenly discover the principled case for eternal copyright
Oh it would be a lot more popular than you think. There was a lot of popular opposition to the extension in 1998
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