Actually, the reason is so that the various publishers can claim a copyright, and make a tisy profit. The uncopyrighted KJV is tough to make a profit on, when you can get it hardbound for four bucks, while the copyright Bibles go for as much as $120.
***Actually, the reason is so that the various publishers can claim a copyright, and make a tisy profit. ***
It is so that various cult groups cannot grab off the new translated bibles and claim them for their own as they have done the KJV. Even the Hari Kirshnas will print a passage from KJV when it suits their needs.
As for the “tidy profit” on the others...you can get a free NKJV or an NIV from the Gidons.