Hi @Jools. You may want to have a read of a thread with similar discussions in the context of digital vs physical music.
I don’t know if you recall the hulabaloo around the APRA campain against people copying their own tapes, records, CDs etc? It was about us mere consumers only being given permission to play the music, not copy it, because the music copyright is ‘owned’ by the artist or their trust, the recording company, or by some investor who bought it.
The APRA organization now includes AMCOS. The following information is from the APRA AMCOS website:
“The Australasian Mechanical Copyright Owners Society (AMCOS) administers and licenses reproduction rights and collects royalties when music is copied on various formats, including in physical media and digitally. These reproduction rights are often called ‘mechanicals’.
AMCOS proudly represents more than 35,000 members and rightsholders for the collection and distribution of reproduction royalties across digital, physical and print formats in Australia, Aotearoa New Zealand and key Asia Pacific markets, as well as globally through AMCOS’ reciprocal agreements worldwide.
The licensing of these rights ensures that songwriters, composers, and music publishers are paid for the reproduction of their music — whether on physical formats like CDs and vinyl, or via digital downloads and streaming, or in sheet music and other educational materials.”
We don’t ever own the music we buy, we are paying to use it.