On April 30th,
the Institute for Policy Innovation (IPI)
hosted an event in connection with World IP Day entitled “Get Up, Stand Up
For Music and IP.”
It had a series of panelists and speakers and covered all aspects of
intellectual property.
Congressman Doug
Collins started the event off with a passionate speech on the role intellectual
property has played in his life. He said that innovation and entrepreneurship
are about thinking, acting, and doing, and IP rights are fundamental to
completing that process.
The first panel
consisted of four music industry executives who explained how copyright and branding
are prevalent throughout the process of finding and signing an artist, making
an album, marketing the album, and distributing the album among various digital
platforms. It was interesting to hear about how record companies operate in the
digital age and more specifically how they help develop the unique identity of
the individual artist. They also discussed WhyMusicMatters.com, which is a
website dedicated to artistry and expression in the music industry.
There was also a
discussion on patents from a group of experts representing various industries
from retail to communications to research and development – an indication of
the vast impact IP has on the economy. While the panelists had differing
opinions on what reformed patent legislation should look like – some were more
supportive of the Senate’s latest
bill
than others – they were all fairly optimistic that bipartisan legislation will be
signed by President Obama by the end of the year.
World IP Day is an
opportunity for ordinary people to take a step back and consider all the
economic benefits that have resulted from intellectual property rights. It’s an
opportunity to promote greater public understanding concerning the importance
of IP rights.
Strong
IP rights are important for ensuring that content providers, artists,
innovators, and marketers can earn a return on their creative works and the labor
that makes them possible. Protection of IP rights incentivizes more innovation,
investment, and economic growth.
Thanks to IPI for
hosting a fun and stimulating event!