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Submission + - Fair Use Generates $4.7 Trillion for US Economy

Hugh Pickens writes: "The Hill reports that according to a study released by the Computer & Communications Industry Association, companies that rely on fair use generate $4.7 trillion in revenue to the US economy every year and concludes that fair use — an exception to the copyright law that allows limited use of copyrighted materials — is crucial to new innovation. The report 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 that benefits from protections provided by fair use (PDF). Rep. Zoe Lofgren (D-Calif.), who serves on the House Judiciary Committee, 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 and tied the copyright issue with 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 adding that Fair use is a matter of Internet freedom. "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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