Today, Business Secretary Vince Cable will unveil plans to change UK copyright laws so that it will be legal to copy music and video from its original format to another device for personal use, which is great news since just about everyone in the country has already been doing so for years.
Following recommendations from Prof Ian Hargreaves, professor of digital economy at Cardiff School of Journalism, the Government has realised that the current laws, created 300 years ago, might be somewhat outdated.
By reforming the law, Vince Cable hopes that entrepreneurship will be encouraged, and an estimated £7.9 billion might be injected into the economy.
It will also decriminalise the millions of people around the country who have been copying CDs onto their iPods and other MP3 players; probably without ever realising they were committing a crime.
Mr Cable said: "We are determined to explore how exceptions to copyright can benefit the UK economy and support growth.
"Private copying is carried out by millions of people and many are astonished that it is illegal in this country.
"We need to bring copyright into line with people's expectations and update it for the modern digital world."
The changes to the law will pave the way for companies such as Google, Amazon and Apple to create 'cloud' music services, allowing users to store libraries of music and video online, independent of their computers or other devices.
Filesharing music and video online will continue to be a crime.
Read more on the story (The Telegraph)
Read about copyright infringement (FindLaw)
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