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Parliamentary debate: "(c) is not a pension fund"Don Foster MP organised a parliamentary debate last week on the Gowers review into intellectual property policy (via dooooooom.blogspot.com): "Opponents also challenge the idea that back catalogue revenues provide investment for new ventures and to support new artists. Peter Jameson of the BPI argued in The Guardian on 24 April that such investment had contributed to a boom in new British music, citing artists such as Arctic Monkeys, James Blunt and Kaiser Chiefs. However, Arctic Monkeys are with Domino Records, which was founded in 1993 and rarely re-releases records that predate itself, and James Blunt was signed by the US label Custard Records, which was set up only in 2004 and so has little back catalogue material to release; the same is true of Kaiser Chiefs, who are signed to B-Unique, which was also founded in 2004. Those are hardly good examples of recording companies that rely on significant revenue from the back catalogue profits that would be under threat if we were to stick at the 50-year copyright term." ( More info here.) |