The battle over copyrights that is now before the Supreme Court has far reaching implications beyond the litigants in the case. It could shape the competitive environment for years to come in the entertainment industry.
As seen in this article from Red Herring, many fear that this could stifle innovation and entrepreneurship in the industry.
“The case has provoked a flurry of briefs from interested parties, including such diverse groups as computer science professors and professional musicians. Intel filed a brief this month saying that Hollywood is trying to force technology companies to accurately predict how consumers will use their technology-an impossible task, opening tech companies to endless litigation. Other groups, including the National Venture Capital Association, pointed to the technological importance of file-sharing over peer-to-peer networks.
“Mark Cuban, billionaire entrepreneur and president of HDNet, recently wrote in his blog that he would finance Grokster’s defense. ‘If Grokster loses, technological innovation might not die, but it will have such a significant price tag associated with it, it will be the domain of the big corporations only,’ he wrote.”
Stay tuned….
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