Spain's New Copyright Law Hurts Consumers

Law360, New York (December 22, 2014, 11:34 AM EST) -- The latest casualties in the EU's continuing war against U.S. tech companies are Spanish consumers. Google Inc. has folded its news service in Spain following Spain's enactment of an ancillary copyright law that would require news aggregators to pay news publishers for displaying snippets or headlines, regardless of whether the publishers even wanted the fee.

Intellectual property rights exist to foster incentives to create knowledge, whether it's the formula for a new drug, a science fiction book or a news story. Without the exclusive ability to monetize this knowledge, however, producers will be unable to recoup their investment and hence will...

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