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What is Creative
 Commons?
It's a social movement
  taking quot;open sourcequot;
philosophy and applying
     it to other media
Microsoft vs Linux
        =
Big Media vs CC
also...

   CC is a middle ground
between “all rights reserved”
             and
    “no rights reserved”
      (public domain)
or...

 how to do more
and pay lawyers less
CC assists creators in
assigning certain rights to the
public while they retain other
            rights
CC makes well-written,
reusable legal documentation

and promotes those who use
      those documents
Which rights are involved?
Always with CC:
* you have to credit the artist (marketing)

 * copying is allowed (wide distribution)
Creator can choose to
       restrict:

  * commercial use
      * reuse
What's the business
  opportunity?
Big Media is anti-technology,
risk averse and won't permit
       experimentation

  and they are in control
CC-licensed media is pre-
cleared and enables business
   model experimentation
and the public is angry at Big
  Media but loves Creative
         Commons
With CC you get:

* free press exposure
     * public love
   * word-of-mouth
CC's “Larry Lessigquot; is the
first quot;blogquot; result in google
Magnatune's experience

1.5 million web sites link to
         Magnatune
and

Massive exposure via
 traditional press
Massive quantity of content is
        CC licensed
            2004: 4.7m
            2005: 10m
           2005-08: 45m
          2006-08: 140m
              2007: ?
Flickr Photos with CC
        license
        2005: 4m
       2006: 10m
       2007: 25m
What rights are reserved?

        nc: 67%
        nd: 24%
        sa: 45%
But is it the content good?
By Magnatune's estimation, about 2% of CC music is
                   store-quality

   A similar ratio in video and photos, from our
  own album-cover-creation reuse of CC photos

and CC content is radically more diverse than easily
         obtained commercial offerings
The bottom line
Obvious ways to make
    money with CC:
* help consumers find the good stuff
 * help creators find their audience
 * help people create through reuse
        * sell additional rights
        * try-before-you-buy
Questions?

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Creative Commons for Bankers