"However if production companies were offered the amazing windfall profit of free contemporary music"
Are you seriously labeling music from 1956 "contemporary"? That's a stretch. In 1956, my parents weren't even born yeat and my grandmother wasn't allowed to Vote in Mississippi. We hadn't even been to the moon yet.
I understand where you're coming from, but no offense intended: I seriously think you are overvaluing your artistic contributions if you're willing to label something from the late 50's as "contemporary".