The music industry (#UMG) boasts it's drowning in money thanks to #copyright and the internet. #Spotify never turned a profit.
@quiddity Yes. It's even more complicated than that, because e.g. in Italy there are special rules on how those rights are transferred around, and they're contract law, not copyright law.
Paul Goldstein has the story of how this came to be in USA. It all started in a stormy evening of 1913... https://archive.org/details/copyrightshighwa0000gold/page/55
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