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What does publishing mean in the music industry?

Burt gives the scenario of a person writing a song and there’s 200% to share. He says that 100% is the recording. The remaining is split between publishing and performance. Doing a deal with a record label means that they get the master copy. The norm in the music industry is you give up your publishing or have someone buy it from you. You cannot publish a song without getting the publishing details cleared.

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