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That's close to how I'd like to see it work. My system:

1. The copying right would have a shorter term. Maybe go back to 28 years with perhaps one renewal term.

2. The derivative work right would have a very long term.

3. Fair use would be expanded to explicitly recognize things sampling, parody, and the like. (Yes, I know this would be tricky to do well).

I think this strikes a good balance between making cultural works readily available and affordable, and saving us from seeing a poorly animated Calvin and Hobbes selling breakfast cereal to kids in TV ads.




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