[erosenbe0]

Basically, copyright is not too different from other paper assets like publicly traded stocks. There is little intrinsic moral imperative for profit-seeking entities to make filings based on government mandated accounting principles and to not engage in insider trading schemes. Other systems, such as partnerships and private ownership, exist concurrently.

Copyrights are transferable intangible assets created by the legal instruments of the capitalist system. If you were to buy the copyright to the Metallica catalog, you can license that catalog for a return on your investment. It would be an asset of your estate like any other paper investment.