Let me say up front how grateful I am for the opportunity to give the fiftieth installment of the Donald C. Brace Memorial Lecture — a series of lectures on copyright law which has, over its history, featured talks by such luminaries as Melville Nimmer, Barbara Ringer, Pierre Leval, Paul Goldstein, Gerald Gunther, Jane Ginsburg, Jessica Litman, Pam Samuelson, and Richard Posner. In light of my predecessors’ eminence, I hope that I will be equal to the task I’ve set for myself here, which is to offer a bit of analysis, and also, I will candidly admit, a bit of speculation, about what antitrust law’s nascent and still uncertain revival might mean for copyright.