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IP assets and film finance - a primer on standard practices in the U.S.
Economic Research Working Paper No. 74
This research summarizes the basic economics of film finance and standard practices in the U.S. movie industry. It shows how risk and uncertainty around new film finance are managed by the private sector and what market-based solutions have been developed to mitigate risk in the sector. Based on a series of expert interviews and exploratory data analysis, the research presents the most common types of financial deals on the ground and reoccurring funding practices for new film production and distribution in the past twenty years, including a discussion of most recent trends and digital changes in the sector. In particular, the research highlights the prominent role of intellectual property (IP) in financial transactions of the movie industry and it discusses policy options in the U.S. and beyond to better leverage IP assets for financing purposes.
Año de publicación: 2023
World Intellectual Property Indicators 2023
This authoritative report analyzes IP activity around the globe. Drawing on 2022 filing, registration and in force statistics from national and regional IP offices, it covers patents, utility models, trademarks, industrial designs, microorganisms, plant variety protection and geographical indications. The report also draws on survey data and industry sources to give a picture of activity in the creative economy.
Intellectual Property (IP) Education in Business Schools
A Global Perspective
How do business schools equip budding entrepreneurs and business students with the IP skills needed for a global knowledge economy? To get a more informed view of the extent of IP education in business schools, the World Intellectual Property Organization (WIPO) undertook this study in collaboration with the Global Business School Network (GBSN). The study shows that IP is taught to some degree in the vast majority of business schools surveyed, but that more can be done, reinforcing the importance of collaboration among stakeholders of the innovation ecosystem, including IP governing bodies, business and educational institutions.
Ars longa, vita brevis: The death of the creator and the impact on exhibitions and auction markets
Economic Research Working Paper No.76
This paper studies the death effect on artists' exhibitions and commercial success in the secondary art market. Based on a random sample of 1'000 popular artists born after the turn of the 20th century, we construct a novel panel data set of their worldwide exhibition history and auction transactions. By applying a regression discontinuity and event study design, we find an overall negative effect of artist death on the number of exhibitions. However, this post mortem effect disappears in longer term. Roughly ten years after death, exhibitions are back to pre-death levels. Arguably, transaction cost and higher auction prices after death also temporarily increase the average cost of exhibiting artworks, e.g. higher market valuation raises (unobserved) insurance cost for exhibitions. Hedonic auction price models confirm this intuition and suggest a significant price premium posthumously. We find substantial heterogeneity in the treatment depending on the age and reputation of the artist at death. Overall findings explain important mechanisms for the post mortem value of artistic work and have important policy implications for the creative sectors and the design of legacy stewardship rules, including a possible justification for rights granted post mortem such as copyright.
Annual financial report and financial statements
Year to December 31, 2022
WIPO financial statements are submitted to its Assemblies of Member States in accordance with the Financial Regulations and Rules.
Digitization and Availability of Artworks in Online Museum Collections
Economic Research Working Paper No.75
We provide quantitative evidence from museum collections about how copyright status affects the availability of digital images of artworks. The paper applies a regression discontinuity and differences-in-differences design to estimate online availability of artworks from U.S. collections on digital platforms. We find a strong increase in the availability of digital surrogates when copyright is perceived to expire and original artworks are likely to transition to the public domain. Moreover, artworks and surrogates made available see a large number of downstream reuses based on google image search data, which indicates online availability is of commercial and public value independent of right status. Notably, we show that upstream surrogates of public domain artworks made available by museums are positively correlated with higher image resolution quality as compared to digitized artworks still protected under copyright laws. At the same time, it seems expressed industry norms can help encourage U.S. museums to also make low-resolution surrogates of copyrighted artworks available.
WIPO Workforce 2023
June Edition
WIPO's workforce is the human capital of the Organization and its greatest asset. This brochure shows a detailed picture of staffing at WIPO in 2023.
Patent Cooperation Treaty Yearly Review 2023 - Executive Summary
The International Patent System
This executive brief identifies the key trends in the use of the WIPO-administered Patent Cooperation Treaty (PCT) and provides a summary of the statistics reported in the PCT Yearly Review 2023.
December Edition
Hague System Information Kit
Secure protection for up to 100 designs, in over 90 countries, through one international application.
An overview of the Hague System with legal and procedural information for securing protection of your designs in more than 90 countries through one online application.