As the Oscar season approaches, notable contenders like Oppenheimer and Killers of the Flower Moon highlight the trend of adapting existing art. Many top-grossing films of 2023 also stem from preexisting intellectual properties. The appeal of these adaptations lies in copyright law's allowance for derivative works, enabling studios to create films with existing narratives while retaining copyright. This arrangement benefits original creators through licensing royalties and provides studios with proven content that resonates with audiences, exemplified by adaptations, especially from literature and other inspirations like toys.
One aspect of copyright law that makes adaptations attractive is derivative works, allowing studios to develop films based on existing copyrighted material while ensuring copyright protection.
Licensing arrangements can be a win-win deal for copyright owners and studios alike—owners receive valuable royalties, while studios generate buzz and profits from beloved properties.
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