The BBC have a story on the Gowers Report - that's the one abvout updating copyright laws.
As was clear anyway, the 50 year performance copyright expiry isn't recommended for extension.
It's all quite pragmatic "...it also says private users should be allowed to copy music from a CD to their MP3 player."
And some guesswork "estimate... 20% of the entertainment industry's turnover was lost to illegal copying..."