The current episode of Understanding IP Matters features legal scholar Jonathan Barnett discussing the detrimental impact of large companies altering intellectual property (IP) rules. He argues that this shift devalues IP assets and stifles innovation and creativity. As the director of USC's Media, Entertainment and Technology Law Program, Barnett critiques skepticism towards IP rights from legal academicians and tech platforms, advocating for a robust IP policy that supports property rights, ensuring fair compensation for creators and innovators alike. The episode emphasizes that recognizing and repairing these weaknesses is vital for a thriving economy.
Some of the largest companies have invested substantial resources to change the rules of the game that govern bargaining over IP assets, jeopardizing innovation and society.
Barnett emphasizes that a common sense IP policy needs some form of property rights, allowing creators and innovators to receive fair compensation for their contributions.
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