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Not in industry but have read tons of copyright info on geek sites etc
From what I understand, most artists/bands dont own the copyright to the actual tracks on the cd/whatever - their record label does.
The way commercial radio, streaming services like Pandora, theters that play music as part of a show, etc all license the rights to play the music commercially, stream, whatever. For example, our theater dept has a license to use everything in the BMG catalog...
Of course all based on the artists contract with the label, etc.
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