Economic Sustainability of the Music Industry through Copyright Fiduciary Guarantees with a Legal Economic Analysis Approach

Abstract

This study investigates the economic sustainability of the music industry through the implementation of copyright fiduciary guarantees, employing a legal economic analysis approach. The primary objective is to explore how copyright as a financial asset can enhance the industry's economic resilience by providing a reliable framework for securing loans and investments. The research examines the intersection of intellectual property law and economic theory to evaluate the potential of copyright fiduciary guarantees in mitigating financial risks and promoting sustainable growth in the music industry.

The methodology includes a qualitative analysis of existing legal frameworks, case studies of jurisdictions that have successfully integrated copyright fiduciary guarantees, and interviews with industry stakeholders such as artists, producers, legal experts, and financial institutions. Data were collected from a range of sources including legislative documents, industry reports, and academic literature. The analysis focuses on the legal mechanisms for establishing copyrights as collateral and the economic implications for stakeholders in the music industry.

The findings indicate that the use of copyright as collateral can significantly improve access to financing for music professionals, thereby enhancing economic stability and growth potential within the industry. Case studies reveal that countries with robust legal frameworks for copyright fiduciary guarantees have experienced increased investment in the creative sector and reduced financial volatility. The study also identifies key challenges, such as the need for clear legal definitions and enforcement mechanisms, and the importance of raising awareness among industry participants about the benefits and procedures of copyright collateralization.