The extension of copyright on audio recordings from 50 to 95 years in the EU has moved another step closer to realization, with its passage through the legal affairs committee. The action, ostensibly to provide a pension for session musicians, is in reality a multi-million euro windfall for the Big Four record companies.
Several studies have shown that an extension of copyright on sound recordings is a bad idea. It will lead to less competition and higher prices while only the record labels benefit from it. Next Tuesday, the Open Rights Group will be hosting a round-table event to discuss performance copyright extension in the EU.
The IFPI and mediocre artists around the world are rubbing their hands in glee, after a proposal to extend copyright in the EU for another 45 years. The proposal, intended to ‘benefit musicians’, comes up for a vote on Wednesday. On the plus side, at the same time collecting societies are going to have their practices scrutinized.