Friday, June 24, 2011

Venture Capitalists and Rx Activists Speak Out Against the PROTECT IP Act

Opposition to the PROTECT IP Act – Hollywood-supported legislation intended to reduce content piracy and block counterfeit goods – is growing among the tech community, with a letter blasting the bill released Thursday by more than fifty venture capitalists from forty firms that have funded many top Internet companies.

Also speaking out in recent weeks against the law is a completely different constituency: groups concerned that the broadly-drafted act would endanger U.S. consumers’ access to lower-priced prescription drugs from Canadian and other foreign pharmacies.

In contrast, Hollywood trade associations and unions support the legislation, as do drug companies.

Details: The Hollywood Reporter.


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