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One of our threads veered off into this area recently. Turns out 90% of films prior to 1929 are gone.
Copyright is another thing entirely. In theory having the films under copyright gives the owner a financial incentive to preserve the films and try to market them. On the other hand, when everything is owned by massive entertainment conglomerates there is very little motivation to expend any effort on things that won't bring big profits.What I think is most galling about this instance is that copyright is set up such as to not allow preservation of these films by interested 3rd parties.
As to length of copyright - so long as they don't extend it again then 1929 movies should be going public domain in the next few years.
This law, also known as the Sonny Bono Copyright Term Extension Act, Sonny Bono Act, or as the Mickey Mouse Protection Act,[2] effectively "froze" the advancement date of the public domain in the United States for works covered by the older fixed term copyright rules. Under this Act, additional works made in 1923 or afterwards that were still protected by copyright in 1998 will not enter the public domain until 2019 or afterward (depending on the date of the product) unless the owner of the copyright releases them into the public domain prior to that.
Disney, the evil empire.