roughly $ 1,167.90 in today ' s dollars . To some artists , even this price point could be too high . But for others expecting to monetize a work , it could be a small token to pay for the assurance of broad commercialization rights .
Provided artists holding the rights to underlying prior works recall the adage " pigs get fat , hogs get slaughtered ," expect this decision to increase the licensing of copyrighted works .
And if this decision happens to spur the monetization of art to the benefit of creators , perhaps it achieves the goal of the Copyright Act : " to encourage creativity ."
Jonathon K . Hance and Drew Taggart are partners at Bracewell LLP .
The opinions expressed are those of the author ( s ) and do not necessarily reflect the views of their employer , its clients , or Portfolio Media Inc ., or any of its or their respective affiliates . This article is for general information purposes and is not intended to be and should not be taken as legal advice .
[ 1 ] See Andy Warhol Foundation for the Visual Arts , Inc . v . Goldsmith , 598 U . S . ___ ( 2023 ). [ 2 ] Op . at 33 . [ 3 ] Dissent at 4 . [ 4 ] Op . at 22 . [ 5 ] Op . at 26-27 . [ 6 ] Stewart v . Abend , 495 U . S . 207 , 236 ( 1990 ). [ 7 ] Op . at 16 . [ 8 ] Op . at 19 . [ 9 ] Dissent at 10 .