Reversion Rights: Will 2013 Be A Game-Changer?

While albums released in 1978 (as shown here) are the first batch eligible for possible reversion of ownership to pass from labels back to the artists, so far the only acts to file notice of termination for master right recordings with the U.S. copyright Office include Pat Bentar, Journey, Devo and Billy Joel.

From Billboard:

Although 2013 theoretically is the year that master sound recordings’ copyright licenses begin to expire for albums and can revert from labels to the artists, no one is sure what exactly will happen.

According to some artist advocates, the ability to terminate the label’s copyright-which was granted in the Copyright Revision Act of 1976 and became effective Jan. 1, 1978-and have it revert to the artist will be cataclysmic for the industry, resulting in a completely reshaped music business.

Continue reading the rest of the story on Billboard