The owner of a sound recording (or a master recording) has 4 exclusive rights: 

  1. The right to reproduce the copyrighted work and/or duplicate the sound recording in the form of phonorecords and/or digital downloads (note that this right is limited to duplicating the actual fixed sounds used in the master recording, only)
  2. To prepare derivative works based on the copyrighted material (i.e to make and distribute phonorecords / digital downloads that are new arrangements or versions of the copyrighted work)
  3. To distribute/sale phonorecords for public consumption (this includes digital downloads)
  4. Lastly, the ability to play the sound recording on the radio 
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