A new paper by the Analysis Group, commissioned by CCIA, looks at the impact of a 2007 legal change on investment in the webcasting industry and provides a somewhat unsurprising conclusion: when the US Copyright Royalty Board dramatically increased the royalty rates paid by webcasters for the period 2006-2010, venture capitalists perceived that as a negative change to the landscape, and accordingly reduced their investment in the industry. This article says that legal infrastructure can either incentivize or discourage investment, and the innovation that this investment produces. Whether it is the taxi industry, Internet radio, or music discovery services, the regulatory apparatus can either drive investment away, or draw it in: http://www.project-disco.org/intellectual-property/060313-further-research-showing-how-copyright-regulations-drive-investment/
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And finally,the Jamaica Gleaner reports that one of the country’s music collection society, The Jamaica Association of Composers, Authors and Publishers (JACAP), has reacted to criticism of Jamaica's compliance with copyright regulations. In early May, Jamaica was named by the Office of the United States Trade Representative (USTR) as one of the rogue countries which will remain on a Special 301 Watch List because of its inadequate payment of public-performance royalties. ACAP General Manager Lydia Rose said the collecting agency has made several attempts to educate the industry players about the importance of adhering to the copyright regulations. However, there are still those who are in breach – and some who actively oppose paying royalties. The chair of the recorded music sector’s collection society, the Jamaica Music Society (JAMMS), Danny Browne, had previously told the Gleaner that the highest level of payment resistance came from the lower-level players in the marketplace. He said the more organised companies have a higher level of compliance adding that it is easier to track commercial radio than more informal music industry players. http://jamaica-gleaner.com/gleaner/20130605/ent/ent3.html
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