Reversion is one of the most overlooked aspects of Canadian
copyright law.
A business that validly acquires copyright may believe that it
holds copyright for the entire term of protection, only to later
discover that copyright in a work reverts automatically to the
author's heirs on the 25th anniversary of the author's
death if certain conditions are met. Without an understanding of
what the future holds, or a strategy to address it, there can be
unpleasant surprises, and unintended consequences, decades after
the agreement is signed and money is spent exploiting the
copyright.
The issue can be particularly troublesome for audiovisual
producers, who often acquire rights in existing literary works and
spend millions of dollars making and marketing movies based on that
underlying material. Those producers, as well as their licensees
and assigns, may lose their rights — and, with those rights,
their ability to create sequels and remakes or even to exploit
their