Now, it seems individuals will be allowed to make copies of content they have bought and to adapt it for other devices.
Also behind this has been a mooted idea for a 'copyright exchange', although as Chairman of the company with the best software on the market to achieve this, I suspect that this is just an idea that's being run up the flagpole and has no substance or real work behind it - we've certainly not heard of any initiatives and we were part of a consortium that had funding for just such a project turned down for Government funding last year.
However, it is a good concept, and I have long argued that what the TV and film production industries need is the same kind of clearing houses that can be found in the music industry so that block deals and aggregated deals become easier to do.
Finally, spoofs (such as the banned 'Newport State of Mind') will become legal. Perhaps the UK Government does have a sense of humour after all...