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February 26, 2010
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Coleman Will Call Industry Roundtable To Address Crisis Facing Entertainment Industry

At the Consumer Electronics Show, PSI Chairman says future of entertainment industry will be led by the private sector

Minnesota United States Senator Norm Coleman, appearing on a panel at the world’s largest consumer electronics show, said on Friday, January 9th, that he would convene a roundtable of industry and technology leaders to address the growing crisis facing the entertainment industry.

“The time has come to recognize that solutions to this challenge are not going to come solely from government,” said Coleman. “In 1998, Congress passed legislation that was intended to protect the entertainment industry and copyrights. Yet, within less than five years, the legislation was bypassed by technology. With the advent of technology such as peer-to-peer networking, law, technology and ethics are now not in synch. We need to find other ways to solve the problems rather than issuing lawsuits and lobbying Congress to pass tougher laws.”

At the Consumer Electronics Show, produced by the Consumer Electronics Association, Coleman participated in a nine-member panel and answered questions on topics ranging from free trade to the protection of private copyrights.

Coleman, who has held hearings to address the issuing of subpoenas by the Recording Industry Association of America (RIAA), stated that the solution to the problems facing the music and the motion picture industry were more likely to be found through the innovation of technology, rather than the passage of more legislation.

“I believe we need the technology experts, the computer industry, peer-to-peer industry, the software industry, the entertainment industry, the privacy experts and the business experts to come together and discuss positive and meaningful solutions to this challenge facing a major segment of our economy,” said Coleman. “I’m not interested in assigning blame, or pointing fingers. I want to bring together the great minds that have a role to play in this matter and develop constructive measures that can address these challenges, and determine an appropriate role for Congress to play in helping to find some common ground.”

Coleman said he hopes to convene the roundtable sometime soon after the Congress convenes in January. 

 

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Did You Know?    
 
 
Production Company is a major factor in entertainment
The production company acts as central headquarters for all stages of production. They range in size from a single person to over twenty employees and commit to duties ranging from the inception of an idea to making sure the final print's delivered to the theater on premiere night. They're core functions, however, are to assist the headlining producer in developing scripts, attaching talent, and running the day-to-day production activity. Although a handful of production companies fall under corporate studio umbrellas that cover their overhead, most work on a project-to-project basis much like the artists.

 


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Entertainment Lawyers.com Terms

 


Today's Terms

Financier

Definition:
The financier is a non-developing financial provider for a film. Simply, financiers are usually money sources looking to invest in complete, packaged scripts. Although they have the ability to bring a significant amount of a movie's budget, financiers are often money people looking at the bottom line - does the project have marketable elements already in place? Unlike most developing studios, these money sources move from script to screen quickly, however, most of the initial footwork must already have been done.

Saturation Campaign

Definition:
Variation Margin: Payment made on a daily or intraday basis by a clearing member to the clearing organization based on adverse price movement in positions carried by the clearing member, calculated separately for customer and proprietary positions.

Proof

Definition:
A copy of an advertisement as it will appear once produced or printed.

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Entertainment Law Hot Topics

 
Topics Related to Entertainment Law:

  • Trademark Violations
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  • Film Finance Negotiations
  • Intellectual Property Theft
  • Plagiarism

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