Week 4 DiscussionWelcome to Week 4This week we will explore intellectual property. Most people do not know what intellectual property is, yet it is extremely important. Intellectual property is not specific to large corporations. Rather, individuals can also generate intellectual property. We also explore challenges of new technologies and how they affect copyright laws.Pick a topic below and post your reply by Wednesday at midnight. Your response should be at least 400 words and appropriately cites your resources.You will not be able to see your classmates’ posts until you make your first post.topicWhat do you think the impact would be on creative industries, such as music, movies and fiction novels, if copyright laws did not protect intellectual property?