There are also fears that book publishers, music labels and movie studios will try to come up with their own licensing agreements to restrict the rental or resale of their copyrighted material.
That's what's terrifying about this ruling. It is easy to see how knowledge and art could be lost to the public through this kind of extreme copyright system. If the company holding the rights doesn't feel like making it available anymore, and you're not allowed to sell used copies, that work is essentially banned as effectively as if the government had censored it.
Now, I don't see this as likely applying to books, movies, or music in the too-near-term. What I'm more concerned about is video games, which are just another kind of software after all. Masterpieces could simply be lost. This will also fuel the fires of piracy.
And yes, people resorting to piracy is worse for software and other media vendors than buying used. The copyright holder might not get any more money from the sale of a used program or game than a P2P download, but that person buying a used program or game is far more likely to buy more new items than the pirate. He's playing by the rules, don't rob him of the that avenue.
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