> does it really benefit society for their fortunate authors to sit back and get rich resting on their laurels?
In my opinion, it doesn't. In creative and entertainment industries, the idea of practically indefinite royalties has been normalized, but no other industries has this*. For example, it would be strange to continue paying a construction company after your home has been built.
*As far as I can remember. I'm open to correction here.
I don't understand the analogy. We don't continue to pay authors after we buy their book. We do pay construction companies again if we want a second house - even if the design is the same.
Probably floorplans would be a closer comparison - and I believe they are licensed IP?
Dépends. If the 2nd house location requires review by an architect because of ground issues or regulation. If contractual provisions require an architect fee. If small adjustments that may have structural impacts are needed. You won’t pay the same amount, but still something.
Imagine that you've paid the construction company after it finished building your house. You then go and live in it. One year later you get an invoice because you're living in the house they built.
That's what doesn't happen and what (I think) GP means with indefinite royalties: the person who owns the house has to keep paying the company which built the house.
The problem with that analogy is of course that royalties are based off profits, but there are ways to consider a home to have its own sense of profit (like the Belgian legal term 'cadastral income':
> Cadastral income is not an actual income. It is a notional value that we determine for an immovable property (building or land). This corresponds to the average annual net rental income you would receive in 1975 for your leased out property.
A rich author can retire, and not write any more books. From an encouraging creativity POV, copyright length should be set at about the amount of time it takes to create a followup.
But, as open source software, and most authors and musicians demonstrate. People will create without any financial incentive.
So ultimately copyright is there to allow an industry that can actually find and distribute these works.
For the record, I'm not suggesting that creators should be decently rewarded for their works.
To start, royalties have nothing to do with copyright. They are simply an agreement between an author and a publisher. I give you the exclusive right to publish my book, and I get a cut of every sale.
Royalties extend far beyond creative fields. Any deal where someone gets a percentage share of the sale of a product or service on an ongoing basis is a "royalty". E.g. in manufacturing or even software.
In the case of Adobe, you're paying for continuous updates and their added cloud services (or other functionality which requires their servers). Also Adobe's subscription pricing (per-month) is significantly less than the retail cost for a one-time purchase of their software without future updates.
Meanwhile one does not pay for continuous updates to a particular novel or a movie. Even if they do pay for new installments in a series, they do so separately.
> Also Adobe's subscription pricing (per-month) is significantly less than the retail cost for a one-time purchase of their software without future updates.
Adobe presumably also fixes bugs, so hopefully you are getting something better over time. I've in the past wore out a favorite book and since it was in print bought a new copy - and found the same typos that were in the previous copy.
In my opinion, it doesn't. In creative and entertainment industries, the idea of practically indefinite royalties has been normalized, but no other industries has this*. For example, it would be strange to continue paying a construction company after your home has been built.
*As far as I can remember. I'm open to correction here.