On Mon, 2 Aug 1999, Albert Henderson <noblestation[_at_]compuserve.com> wrote:
>
> According to Publishers Weekly the 20-year extension of the U.S. term
> to 70 years to harmonize with the Europeans may be worth $330 million
> to the holders of the Winnie the Pooh copyrights. For writers and
> publishers, that is a powerful encouragement to create modest stories
> that may be timeless.
>
No, it's a powerful encouragement to be the owners of Winnie the Pooh today. It is essentially no encouragement to people who might write stories, that might get published, that might sell, and that might still be in print 100 years or more from now.
If you don't see the difference between current return and 100 year future returns, I've got a bridge I'd like to get cash for now, but which I will deliver to you 70 years after I die...
Mark Lemley
<mlemley[_at_]mail.law.utexas.edu>
Received on Tue Aug 03 1999 - 17:03:40 GMT
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