There Is No "Next Great Copyright Act", Remain Calm
Lirodon writes: A YouTube video has gone viral, particularly around the art community (and the subsection of the art community populated by the same type of people who tend to spread these around to begin with), making bold claims that a revision to U.S. copyright law is being considered, with a particular focus on orphan works. Among other things, this video claims that it would require all works to be registered with a for-profit registry to be protected, that unregistered works would be "orphaned" and be usable by "good faith infringers" and allow others to make derivative works that they would own entirely. Thankfully, this is all just hyperbole proliferated by a misinterpretation of a report on orphan works by the U.S. Copyright Office, as Graphic Policy explains.
Some francise-oriented work goes on for 14 years. Not a lot.
And they aren't going "well, this first one bombed, but we'll go ahead with the other 6 anyway".
The first one makes a jillion, then they go ahead with #2. And sometimes, if #1 is a really huge hit, they'll go ahead and film #2 & #3 at the same time, particularly to make the movies cheaper and retain the characters at the same age. If #1 bombs, the rest don't ever see the light of day.
The VAST majority of the money received for 99.99% of all movies are received in the first couple of years after the movie is released.
Past that, for movies, music and books, it's a lottery ticket. Every once in awhile, it winds up being popular for longer than that, or it comes back into vogue. Basically a fluke.
Nobody OK's a movie based on the financial returns of a 90 year copyright term. They go ahead if it projects to making a good profit inside a couple of years. After that, it's straightup gravy.
Sleep your way to a whiter smile...date a dentist!