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Businesses The Almighty Buck Your Rights Online

Fair Use Generates $4.7 Trillion For US Economy 160

Posted by kdawson
from the you-say-pirate-we-say-patriot dept.
Hugh Pickens writes "The Hill spotlights a study released by the Computer & Communications Industry Association, which concludes that companies relying on fair use generate $4.7 trillion in revenue to the US economy every year. The report claims that fair use — an exception to the copyright law that allows limited use of copyrighted materials — is crucial to innovation. It adds that employment in fair use industries grew from 16.9 million in 2002 to 17.5 million in 2007 and one out of eight US workers is employed by a company benefiting from protections provided by fair use (PDF). Rep. Zoe Lofgren (D-CA) says the reasonable fair use of content needs to be preserved; otherwise, content owners will control access to movies, music, and art that will no longer be available for schools, research, or web browsing. Lofgren tied the copyright issue with the question of net neutrality. Without net neutrality 'content owners will completely control and lock down content. We're going to be sorry characters when we actually don't see fair use rights on the Web,' says Lofgren. 'If we allow our freedom to be taken for commercial purposes, we will have some explaining to do to our founding fathers and those who died for our freedom.'"
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Fair Use Generates $4.7 Trillion For US Economy

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