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Govt moves closer to Digital Copyright Exchange

29th November 2011

The UK government has moved one step closer to the establishment of a Digital Copyright Exchange after business secretary Vince Cable appointed former Ofcom deputy chairman Richard Hooper to lead a feasibility study into the proposed move.

Pointing to the recent suggestion in Professor Ian Hargreaves' Review of Intellectual Property and Growth that a body be created to list copyrighted works, Mr Cable said it would be a global first and unlock 'significant growth potential' in the creative sector and benefit consumers and businesses alike.

According to the Intellectual Property Office, a Digital Copyright Exchange could give rights holders the ability to determine the terms on which their works can be made available for others to use, as well as allowing consumers to identify rights holders quickly to secure any potential licensing or investment deals.

Mr Cable described it as an 'exciting' project that could 'really open up' the UK's intellectual property systems.

'But the solutions are not straightforward and there are a number of issues that need to be worked through to establish its feasibility, so I am delighted to have someone of Richard Hooper's stature to lead this important work,' he added. 

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