Newest copyright outrage, this time from Europe

Here's the latest copyright outrage, courtesy of Wired News:

European recording companies are pushing to extend terms of copyright to nearly 100 years to be more in line with U.S. law.

The International Federation of the Phonographic Industry, or IFPI, which represents European music labels, is calling on the European Commission to bring the issue to EU countries, which will consider the matter sometime next year ...

Performers hold a copyright for 50 years from the first recording. It's the 50-year term the IFPI wants to extend.