CED Report Urges Balanced Approach Digital Intellectual Property Issues to Promote Economic Growth

The entertainment industry's pursuit of tough new laws to protect copyrighted materials from online piracy is bad for business and for the economy, according to a report being released today by the Committee for Economic Development, a Washington policy group that has its roots in the business world.

NYTimes Piece summarizes things nicely, or read the Committee for Economic Development: Press Release, Summary, Full Report.

"We are sympathetic to the problems confronting the content distribution industry," said the report, "Promoting Innovation and Economic Growth: The Special Problem of Digital Intellectual Property." "But these problems - perfect copies of high-value digital works being transmitted instantly around the world at almost no cost - require clear, concentrated thinking, rather than quick legislative or regulatory action."

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There are enlightened business people

I really appreciated the CED authors mentioning that every "infringing" gadget from the player piano to the VCR has increased revenue for the entertainment industry. It was also nice to see a business group noting the lack of innovation that would result from overzealous technology.People interested in other ways of resolving music piracy might be interest in the Electronic Frontier Foundation's - proposed voluntary licensing scheme for music downloading.

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