Detailed text transcripts for TV channel - MSNBC - 20120121:13:16:00 : vimarsana.com

Detailed text transcripts for TV channel - MSNBC - 20120121:13:16:00

needs to be fixed. i think this is more important than the people realize. you read the rest of the white house statement but online piracies are a real problem. but some representatives say it's a real problem but another way to deal with it. >> if you talk to richard cotton who was sitting here last week. >> it isn't as far as we can tell a real problem. two ways to find out. one in the areas it affects, movies, music, things like that we will see diminution of innovation and see fewer movies and less music and less choices to consumer. what a copyright or patent does is give you control of your work and control to get profits and because you get profits -- >> it gives you an incentive to produce because you own the thing you make. >> the profits are there. the ceos doing very well. a report on this recently. no problem here that needs to be solved in terms of their money. they would like more money and a fair thing to want but what we

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