The Economic Benefit of Fair Use
A balanced copyright law provides an economic benefit to many high-tech businesses such as search engines and software developers. Fair Use is also crucial to non-technology industries such as insurance, legal services, and newspaper publishers. On September 12, 2007, the Computer and Communications Industry Association (CCIA), a group representing companies including Google Inc., Microsoft Inc., Oracle Corporation, Sun Microsystems, Yahoo! and other high-tech companies, released a study that found that Fair Use exceptions to US copyright laws were responsible for more than $4,500 billion dollars in annual revenue for the United States economy representing one-sixth of the total US GDP. The study was conducted using a methodology developed by the World Intellectual Property Organization. The study found that fair use dependent industries are directly responsible for more than eighteen percent of US economic growth and nearly eleven million American jobs. "As the United States economy becomes increasingly knowledge-based, the concept of fair use can no longer be discussed and legislated in the abstract. It is the very foundation of the digital age and a cornerstone of our economy," said Ed Black, President and CEO of CCIA. "Much of the unprecedented economic growth of the past ten years can actually be credited to the doctrine of fair use, as the Internet itself depends on the ability to use content in a limited and unlicenced manner."
Read more about this topic: Fair Use
Famous quotes containing the words economic, benefit and/or fair:
“There’s something about Marxism that brings out warts—the only kind of growth this economic system encourages.”
—P.J. (Patrick Jake)
“You say that you do not succeed much. Does it concern you enough that you do not? Do you work hard enough at it? Do you get the benefit of discipline out of it? If so persevere. Is it a more serious thing than to walk a thousand miles in a thousand successive hours? Do you get any corns by it? Do you ever think of hanging yourself on account of failure?”
—Henry David Thoreau (1817–1862)
“Why should not our whole life and its scenery be actually thus fair and distinct? All our lives want a suitable background. They should at least, like the life of the anchorite, be as impressive to behold as objects in a desert, a broken shaft or crumbling mound against a limitless horizon.”
—Henry David Thoreau (1817–1862)