Friday, November 25, 2016

New US Copyright Rule Sets Trap For Online Firms; Intellectual Property Watch, 11/25/16

Steven Seidenberg, Intellectual Property Watch; New US Copyright Rule Sets Trap For Online Firms:
"The US Copyright Office is supposed to balance the interests of copyright owners with the interests of everyone else. However, the Office’s latest regulation, which takes effect 1 December, may be anything but fair and balanced. It could, according to critics, strip Facebook, YouTube, and other online companies of a vital statutory safe harbor, thus making these companies liable when their users post infringing material online. Online companies could face billions in infringement damages, driving them out of business."

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