Fair Use Generates $4.7 Trillion in Revenue

#Money

Thu, Apr 29th, 2010 14:00 by capnasty NEWS

A study released by the Computer & Communications Industry Association reported that fair use generate $4.7 trillion in revenue, about a quarter of the U.S. economic growth. The report, concludes that fair use -- an exception to the copyright law that allows limited use of copyrighted materials -- is crucial to new innovation. The study came out a day after Intellectual Property Day, during which content companies, including Hollywood and music studios, said more protections against piracy are needed.

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