Description:

In this clip from a panel held at a 2007 meeting of the American Bar Association on “The Digital Music Industry – Where Are We? How Did We Get Here? Where Are Things Going?,” the panelists debate the state of the digital music marketplace today – the difficulties that are holding up development of a more robust digital market, what could be done to improve market efficiency, and the legal ramifications of any such changes. In particular, they discuss various sides of the problems introduced into the licensing process when a global digital marketplace tries to interact with the hundreds of local licensing schemes and interpretations of rights that exist for the content being sold, and explain the problems that rights administrators face when trying to apply decades-old regulations to brand-new situations.