We're asked often about song placement in film and television, such as explaining the concept of "Master Rights deals with material that is not original (rearrangements, etc.). How does one go about obtaining " Master Rights" to a piece?
"Master Rights" refers to owning the original MASTER sound recordings, and having the right to use the recording as you feel fit.
Unless otherwise agreed upon with a record label, publisher, or other entity, you own the rights if you created the recording - just as with copyright.
It is highly recommended that you obtain a copy of '
All You Need to Know About the Music Business' , by Donald Passman. His book is still one of the most well read, and considered to be one of the most comprehensive books on this and many other music business and legal topics.
You can find it on Amazon.com.
You can read more about Master Rights and Recordings specifically on Wikipedia here: http://en.wikipedia.org/wiki/Master_recording
Happy reading and recording!