- "In a victory for the financially troubled recording industry, the European Union on Monday extended the term of copyright on sound recordings to 70 years from 50, while declining to include provisions that would allow artists in Britain and elsewhere in Europe to recoup ownership of their music easily. Had the Council of the European Union not acted, many of the most famous and popular recordings of the British Invasion of the 1960s, including albums by the Beatles, the Rolling Stones, the Who and the Yardbirds, would have fallen into the public domain in the coming years. For example, the Beatles’ first hit record, “Love Me Do,” which was released in 1962, could have been treated next year in much the same way as works by classical composers whose exclusive ownership of their music has expired. With multiple versions available at cheaper prices, the four major record labels would be deprived of one of their biggest sources of income."
For the full story, please see the New York Times.