The document summarizes discussions from the FOSSa 2011 conference openness track regarding copyright and intellectual property in the digital world. Key points include: (1) Digitization and the internet have changed the economic and social rules by allowing near-zero cost copying and sharing; (2) Intellectual property artificially induces rivalry and may not be economically efficient; and (3) For orphan works where the copyright holder cannot be found, some propose making the works freely available online while paying royalties into escrow in case the rights holder appears.