>>> heres something I've wondered about. when a dj makes a mix cd such as this
>>> and features tracks that he/she made or owns the label they were released
>>> on or both does that mean that he/she makes out three ways financially -
>>> for doing the mix, for licensing the tracks from the label to the mix and
>>> for creating the track that's licensed from the label to the mix?
> 
> no.

Yes, if the mix CD is on someone else's label. For example, if Sony released
a Jeff Mills mix CD they would pay him a fee to actually do the mix and to
be associated with it; plus a licensing advance to Axis for any Axis tracks
used; plus mechanical royalties for each of the tracks used, which would
eventually reach his publishing company (Millsart BMI).

But if he's releasing a mix CD on his own label, the situation is different
- he'll be paying mechanical publishing royalties for all the tracks he's
using (some of which will eventually come back to him, if he's using his own
tracks); plus licensing advances to the labels of all the other tracks he's
using...

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