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What are music royalties?
US copyright law bestows upon songwriters the exclusive right to a limited duration to exploit copyrights by transferring, lending or even selling one or all of the five (5) bundles of exclusive copyrights, subject to certain exceptions and limitations. In return for these licenses, grants, assignments, and/or sales, the copyright owner receives monetary compensation called "royalties". Thus, "royalties" are monies earned from songs and/or sound recordings from various sources.
(Reprinted with permission of Ruben Salazar, Esq.) |
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