Media Literacy Part 15: Intellectual Property

Life SkillsMedia Literacy

Transcript

00:13

So this is intellectual property,

00:15

property inside your brain, more or less,

00:17

or other people's brains. Not physical property,

00:19

not real estate, not money,

00:21

not stocks and bonds and so on.

00:23

Deb, so give us a good definition for what you think of

00:28

when you hear the term "intellectual property."

00:31

So intellectual property is a legal concept

00:34

and it means owning exclusive rights to an idea.

00:39

As you said, it's not owning an object or a house.

00:43

It's owning the rights to an idea.

00:46

That means that if you came up with

00:49

lyrics to a song

00:51

or the idea for a movie

00:53

or you wrote a paper,

00:55

those are intellectual rights.

00:58

They're ideas inside your brain and you own the rights to them.

01:01

No one else can steal them.

01:02

Why does intellectual property matter?

01:06

It matters because once you have the idea,

01:10

basically everyone else has to give you money

01:13

if they wanna use it.

01:14

That's really what it comes down to.

01:17

Let's take the example of Star Wars.

01:19

George Lucas or someone in that world

01:21

- owns the intellectual-- - It's Disney now.

01:24

[ low-pitched vocalizing ]

01:27

owns the rights to Star Wars.

01:28

That means that if anyone

01:30

wants to make a sequel

01:32

or make an action figure

01:34

or make little napkins with Han Solo on them,

01:39

they have to ask and get permission

01:41

from Disney and company.

01:44

And then they have to almost certainly give them money.

01:47

Unless the person just says, "Hey, yeah.

01:49

You can have Star Wars for free."

01:52

[ whoop ]

01:53

What is intellectual property?

01:56

Why does intellectual property matter?