Copyright term extension likely to benefit NZ

Press Release – Record Music NZ The extension to New Zealands copyright period from 50 to 70 years in the TPPA agreement is likely to generate a net benefit to the New Zealand economy.Copyright term extension likely to benefit NZ The extension to New Zealand’s copyright period from 50 to 70 years in the TPPA agreement is likely to generate a net benefit to the New Zealand economy. This according to prominent New Zealand economist Dr George Barker who says estimates in the so-called Ergas Report of the extension costing New Zealand $55 million a year are incorrect. Dr Barker’s report prepared for Recorded Music New Zealand says the seven-year old Ergas Report contains substantial mathematical errors for both music and books. He also says the report denies there are downstream benefits from the copyright term extension that will incentivise investment and provide finance for new works. “Unfortunately the flawed Ergas research has now been widely circulated and is published as fact on the website of the Ministry of Foreign Affairs and Trade. It has also been widely reported in the media,” Dr Barker says. Since 7 March, the Government has been providing information about the TPPA to the wider public and business. Recorded Music is concerned the flawed Ergas Report information has again been the focus of the events. Dr Barker reviewed the Ergas Report with assistance from...

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