Recording someone else's composition. Requires a mechanical licence for distribution / streaming; live performance is covered by venue blanket licences.
Compulsory mechanical licence (§ 115) makes covers straightforward to clear.
Sync use (YouTube cover) requires a sync licence — not statutory.
Lyric reproduction needs a separate print licence.
For $2 lifetime, get every rights page, every directory category, the Translation Hub, the Branding Hub, and unlimited member networking.
Unlock for $2