TABLE OF CONTENTS 1. Declaration; 2. Certificate; 3. Acknowledgements ; 4. Research Design ; 5. Literature Review ; 6. Chapter I: Introduction ; 7. Chapter II: First Sale Doctrine - Conceptions and Theory; 8. I. Conceptions of the First Sale Doctrine ; 9. A. Ownership of Copyright vs. Ownership of Copy ; 10. B. First Sale Doctrine/Exhaustion ; 11. C. Distribution Rights vs. Reproduction Rights ; 12. II. Application of the First Sale Doctrine ; 13. A. Subject Matter Limitations - First Sale Doctrine and Copyright; 14. B. Subject Matter Limitations - Other Applications of First Sale Doctrine; 15. C. Geographic Limitations ; 16. III. Theoretical Basis of First Sale Doctrine ; 17. A. Need for Justification for Copyright ; 18. B. Justifications for Copyright ; 19. C. Limitations on Justifications for Copyright; 20. D. Exhaustion/First Sale Exhaustion ; 21. IV. Conclusion ; 22. Chapter III: First Sale Doctrine -International and Comparative Law; 23. I. First Sale Doctrine in International Law ; 24. II. First Sale Doctrine in National Law ; 25. A. First Sale Doctrine in the E U ; 26. B. First Sale Doctrine in the US ; 27. C. First Sale Doctrine in India ; 28. III. Conclusion ; 29. Chapter IV: Digital Revolution ; 30. I. Digitization and Copyright ; 31. A. Technology and Copyright ; 32. B. The Internet and Digital Media ; 33. C. Digital Media vs. Traditional Media - The Digital Revolution; 34. II. Impact of the Digital Revolution ; 35. A. Jurisdictional Issues ; 36. B. Transfer vs. Copy ; 37. III. Conclusion ; 38. Chapter V: Approaches Towards A Solution ; 39. I. Legal vs. Technological Solutions ; 40. II. Legal Approaches ; 41. A. Narrow Legal Approach ; 42. B. Comprehensive Legal Approach ; 43. III. Technological Approaches ; 44. A. Away from Ownership Models; 45. B. Digital Secondary Market; 46. IV. Economic Approaches; 47. A. Crowd Funding Model ; 48. B. Broadcasting Model ; 49. C. Flexible Pricing Models ; 50. V. Conclusion; 51. Chapter VI: Conclusion; 52. Bibliography.