Copyright term, film labeling, and film preservation legislation : hearings before the Subcommittee on Courts and Intellectual Property of the Committee on the Judiciary, House of Representatives, One Hundred Fourth Congress, first session, on H.R. 989, H.R. 1248, and H.R. 1734 ... June 1 and July 13, 1995 (1996)

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255 Ms. Barbara Ringer March 10, 1994 Page 6 reconsidered; yet another reason for a much needed moratorium until a final decision is made on extension of term. The current "market" is very healthy indeed for the old songs. I would venture a guess that it will continue to be healthy for at least another 2 0 years. The songs, because they are good, will continue to be used. Artists will be paid for recording them, records will be sold, vintage records will continue to be re-mastered, reissued and sold, record companies will be paid, the stores selling the recordings will make money, an ad agency will use a song to sell its clients' products, a motion picture company will include it on a soundtrack to help sell tickets. But the creator's share, meant, according to the intent of the 1976 copyright law, for his heirs, will be left out. Everyone will benefit from the creator's work except his heirs. Further, and most seriously: It appears that the EU is moving toward extending its term of copyright to life plus 70 years. Germany has already done so, and apparently England will soon comply with the EU Directive. It is my understanding that Europe will not honor American copyrights with the same extension of term