A recent copyright law change could see the future of films and TV series based on long-running existing intellectual property jeopardised according to a new THR report.
The trade indicates said law allows copyright holders to terminate the rights agreements for properties after 35 years – so long as the termination notices are sent on time.
Because of this rule, the rights holders to films like “The Terminator,” “Beetlejuice” and “Who Framed Roger Rabbit?” amongst other projects are submitting termination notices to the associated studios and informing them in two years the rights will revert back to the original owners.
The report claims that depending on how this issue is worked out, many of the franchises from the 1980s and 1990s could find themselves in similar situations as it would be in the best interest of studios NOT to rely on old IP anymore if rights aren’t perpetual. That said, U.S. termination law doesn’t apply overseas.