The first nine years of copyright are free. After that, you pay $100 to renew for the tenth year. At year 20, the price is $1000 / year. At year 30, the price is $10,000 / year, which is still perfectly reasonable for profit-generating IP.
The 70th year of copyright will cost a billion each year. At that price, it becomes a major board room decision whether to keep milking the same IP or rather come up with something new.
The profits from this tax could go to culture and education, similar to what is done with gambling profits in many European countries that have a state-owned gambling monopoly.
As it is now, all art that does not generate money is forgotten and remains inaccessible forever.
Nobody benefits from this. If we had a reasonable "orphaned works" law, the internet could contain much much more useful information.
Either way, it's win-win.
Companies: 20 years then stfu. Remember, they can still sell their product, and they could come up with a scheme to mark it original or authentic, like wines and foods now do.
Possibly somebody non-Disney approved would be making a Mickey Mouse movie.
However, Disney could still be certifying approved toys(Nintendo seal worked quite well, there were non Nintendo cartridges but they were hard to find and generally horrible , I was tinking Custer's Revenge - https://en.wikipedia.org/wiki/Custer%27s_Revenge but that was a non Atari approved cartridge).
And if someone can make a new Mickey movie that stands along Fantasia then more power to them is what I say. Disney has been sitting on Mickey laurels for too long.
Nintendo didn't just approve cartridges by attaching a sticker to them, there was a protection chip inside (sold to the manufacturer by Nintendo) that allowed access to the NES. The reverse-engineering of this chip led to lawsuits:
The copyright on Steamboat Willie expiring means that the cartoon, Steamboat Willie, falls into the public domain. That doesn't mean that anyone can make "copycat" Mickey Mouse toys, infringing on Disney's trademark.
If the MM toys still have trademark protection why shouldn't Steamboat Willie go to public domain?
I don't agree with the position, morally, but from a purely practical perspective it makes sense that they'd want to maintain the value of these assets ad infinitum.
The individual creative will relinquish copyright after 20 years, even if they're still hoping somebody might one day make a film out of their work and are kinda keen on having some sort of creative control. On the other hand, Disney will potentially still be shifting enough videos and merchandise to be renewing copyrights up to year 49. It's not exactly unprecedented for major studios to create high value brand families out of 20 year old books either, but in this case they'd rarely need to cut the author in on the profits.
Other than the revenue raising potential, that actually seems worse than the current situation for skewing copyright in favour of the brand families.
I always wonder what really happens whenever I transfer copyright for my papers to some publisher. It probably has no effect here in Germany, but is it valid in the US? Then I also wonder if TTIP might change anything about this?
Bring it closer to home. Would it be one fee per source-file in, say, the Linux codebase? Much of that code is over 20 years old. When you modify one of those sourcefiles, you're creating a new derivative work which has its own copyright date and author, so do you need to pay to extend copyright on every version of every file, lest they fall into the public domain and then lose the protection of the GPL?
It also is very imbalanced. The average IP holding corporation will be much more able to pay $1000 or $10000 fee to hold onto a copyright, as well as able to determine which copyrights will be profitable in the future. They are also better able to leverage marketing power to make content profitable more quickly.
In contrast the average individual content creator is more emotionally attached to a work, less able to pay fees, and less able to market it effectively in order to make it profitable so he or she can afford the fees.