The Intellectual Property of Harry Potter

Many CPAs and accounting professionals who work in intellectual property will be glad to know that the basic, ethical rules of retaining ownership held the test of time with regard to Harry Potter.

Last March, just after it was announced that a film version of the first Harry Potter story would be made, companies began registering Internet domain names - 107 to be exact - to capitalize on the success of the book and potential movie.

Time Warner, who owns the marketing rights to Harry Potter, took the matter all the way to the United Nations’ World Intellectual Property Organization, the Supreme Court of intellectual property matters.

As a result of hearing the case, the U.N. gave Time Warner ownership of the domain names. The entire matter is known as "cybersquatters," or companies who purchase--at a nominal price--domain names and then try to sell them later for a much higher fee.

Details about the specific story can be found on MSNBC.

You may like these other stories...

I recently talked with Doug Sleeter about the current state of the small business consulting profession. We talked about how consultants have great opportunities for competitive differentiation by taking full responsibility...
By Shawn Moriarity, Senior Consultant, SageworksRemember dating in high school? You know that guy or girl who you liked but were pretty sure didn't feel the same way about you? It's likely that you doubtless spent...
By Shawn MoriarityYour car's fuel gauge reads empty and you need to find a gas station. Despite BP's new ad campaign or the magazine article you recently read about ExxonMobil's efforts to "go green,"...

Already a member? log in here.

Upcoming CPE Webinars

Oct 21Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience’s communication style.
Oct 22This webinar will include discussions of important issues in AU-C 800, Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks.
Oct 23Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.
Oct 30Many Excel users have a love-hate relationship with workbook links.