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Bootleg Copyright Question

When Pearl Jam sells a bootleg with Hide Your Love Away on it do they have to pay royalties to Michael Jackson?
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he might because he owns the rights to almost half the beatles songs, but i'm not exactly sure
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d'oh, my bad. i forgot about that!
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So, for the example used, say ASCAP collects royalties for the Beatles' catalog. To release "Hide Your Love Away" on an official live recording, Pearl Jam pays ASCAP something like 8 or 9 cents per disc that has the song. ASCAP keeps a portion of that as their payment for recovering the royalty and then distributes the rest to the copyright owner, in this case Wacko Jacko (if he does indeed own the whole Beatles catalog).
actually he didn't from what I believe. I think he actually purchased more rights to music and owns the rights to some of Eminem's songs as well as Beck and Shakira. I'll see if I can find a recent article, but I'm about 95% sure he still owns them all
Edit: Ok Jackson still owns the music rights to the Beatles, but they are collateral for a secured loan he has out for roughly $300million dollars. He basically secured a loan with the agreement that if he defaulted Sony would be able to take the rights to the Beatles songs. So in this case, he still owns the rights.
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In terms of music released on record, the entity releasing the record pays "mechanical royalties" to those who own the publishing rights. The rate is 9.1 cents per song, so if the band does a cover, they pay the owner of the publishing rights 9.1 cents for every cd they press or sell via download. It is called a mechanical royalty because the royalties are paid for every copy of the recording that has been mechanically reproduced (such as an lp, cassette or cd)
Thus, if a record label prints 100,000 units, they must pay the royalty on all of the units, even if they never get sold. In Europe, the mechanical royalties are only paid on units sold.
Most bands sign publishing deals with companies such as EMI or Warner/Chappell music. These companies usually get 25% of the royalties in exchange for their administering of the royalty collection process.
As an example, assumming a record has 10 songs, the mechanical royalties per record would be 91 cents. 1/2 of that is the songwriters share (some bands split this, while other bands divvy it up based on who actually wrote the song. The other 1/2 is the publishing share, and this is usually split between the band and the publishing company. The band has an incentive to sign a publishing deal because they usually receive a chunky advance from the publishing deal which allows them to survive financially while they are getting the band off the ground. If the band never sells many records, they are not on the hook to pay back the advance to the publishing company.
(If only I was this well-versed in tax law!)