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On the plus side, I guess it means no one can write "The Great Gatsby and Zombies" for another 8 years.
But yeah, it pretty much sucks. Basically to benefit the 1% or whatever of old material is still commercially viable, you are dooming the other 99% to obscurity.
It's especially a big deal now with e-readers. Before PD material was expensive to reproduce, now anyone with an e-reader can read it.
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