Film industry insiders welcome the implementation of Cayman’s new copyright law, the first in a suite of updated IP legislation.
Last week, the copyrights portion of the IP law was ushered into effect, modernising a law that went on the books back in the 1950’s, before DVD’s, mobile apps, and many of the technologies filmmakers use to get their movies to the marketplace even existed.
CayFilm Festival Director Tony Mark said this is promising news for film companies with an eye on doing business in Cayman.
“It was definitely an issue. I’ve had talks with companies that you know, a year ago were like, uhhhh, but now they’re going, hey wait a minute, you actually can have it protected there,” explained Mr. Mark. “I can see a lot of people incorporating down here, copyrighting their material, trademarking their logos just so they are able to have that protection.”
More IP laws could be coming down the pipe. Government is planning to present bills on local trademarks registration and design rights, those are expected in September.