I'm not sure I'm reading that right, it's late and I'm not a lawyer so it's kind of flying over my head... is it saying I can burn some CDs and release the entire back catalog of Britney Spears songs on my own, for a profit, as long as I pay a royalty fee?
If that's the case, how can Taylor Swift or Garth Brooks etc keep Spotify from streaming their music? Why aren't all streaming music services catalogs exactly the same? And how can labels demand YouTube take down my video slideshow of vacation pictures that features popular songs?
As I understand it, what you propose would not be a "new recording" but rather a copy of a previous recording. This provision allows covers to be made without permission, provided you pay.
If that's the case, how can Taylor Swift or Garth Brooks etc keep Spotify from streaming their music? Why aren't all streaming music services catalogs exactly the same? And how can labels demand YouTube take down my video slideshow of vacation pictures that features popular songs?