Today, the C.D. Howe Institute has released a new report that finds that Canada’s current copyright framework for recorded music is shortchanging artists. Analysis by the report author Marcel Boyer determines that the competitive value of recorded music is approximately 2.5 times higher than the current level of copyright payments.

“In today’s digital age, copyright regimes everywhere face common piracy threats along with wide dissemination,” said Boyer in a release. “Meanwhile, rights holders and users contest the market value of copyrights in public forums, legislatures and in the courts. The root of those conflicts is the difficulty of properly valuing the intellectual property rights of authors, composers, performers and makers.”

The full report is now available as a PDF on the C.D. Howe website.