A major shakeup may be coming in the music business: Thanks to a provision in U.S. Copyright Law, musicians may be able to gain control of the master tapes of their albums - good news for artists, bad news for the record companies that have made millions from those records over the years. The law, which went into effect in 1978, will impact albums released 35 years after that date. So in 2013, major labels could potentially be deprived revenue from classic 1978 albums like Bruce Springsteen's Darkness on the Edge of Town, Billy Joel's 52nd Street and Bob Dylan's Street-Legal. A few artists, including Tom Waits, have already filed paperwork for so-called "termination rights" for music from this period.
To learn why this issue is so important, we spoke with Don Henley, Eagles singer-drummer and co-founder of the Recording Artists' Coalition. His 1979 album with the Eagles, The Long Run, will be available for termination rights in 2014.
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