Mar 11 2011
Changing copyright laws in the UK could strike a blow to investment in literature, a report has found....
"Therefore changing intellectual property regulations to 'benefit' companies such as Google, which reproduces content 'at the expense of people who create content', such as authors, would stifle economic growth and innovation, the CLA has said."
"It's a case of robbing Peter to pay Paul and it's a very risky experiment with a creative sector which is worth around 8% of our GDP - roughly the same size as the financial services sector," Kevin Fitzgerald of the CLA said."
BookBrowse note: While the size of the creative sector at 8% seems about right - Fitzgerald's comment that the creative sector is about the same size as the financial services sector doesn't seem to make sense as about three-quarters of the UK's GDP derives from the service sector - and within that sector, banking, insurance and business services dominate.
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