Apparently, the copyright changes will cost every man, woman and child about a $1 a month – roughly. Or, if you add it all up, $55m a year.
Not that you’d notice mind you.
New Zealand consumers could face higher costs than first predicted as a result of copyright changes in the Trans Pacific Partnership, newly released documents show.
The 12-country trade deal, which is expected to be signed off by leaders in Auckland next month, is estimated to have net economic benefits for New Zealand of up to $2.7 billion per year from 2030.
The biggest costs will come from concessions on copyright. The Ministry of Foreign Affairs and Trade (MFAT) says the cost to consumers and businesses of extending the copyright term from 50 years to 70 years will eventually rise to around $55 million a year.
However, Treasury advice released to the Labour Party under the Official Information Act showed there was uncertainty about this estimate.
Oh look, a Labour Party-driven, Media-boosted beat-up.
So, what this means is that the movie you want to buy that’s already 50 years old, or the book you want to buy from an author who’s already been dead for 50 years, will now attract a copyright charge for an additional 20 years. Read more »