Noted in The Australian: “A time bomb that has been ticking for three and a half decades is about to detonate.
Under a US copyright law from 1978, artists who sold themselves to the recording companies could reclaim their copyright, and the precious royalties that go with it, in 35 years. All they need to do is file “termination claims” at least two years in advance. “
The music labels are set to raise an interesting defense – the albums released were “works for hire” and the musicians were employees of the record company.
Who’s filed so far? Bob Dylan, Tom Petty, Bryan Adams, Tom Waits and Kris Kristofferson are already reported to have filed claims with the US Copyright Office.”
For current news regarding termination of copyright, check Law360.