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To add a little nuance to this, there are two copyrights at play here, the song and the recording. The songwriter (who may or may not be one of the performers)
by acjohnson55 7y ago
To add a little nuance to this, there are two copyrights at play here, the song and the recording. The songwriter (who may or may not be one of the performers) originally owns the rights to the song, but often sells them to a publishing company. The lyrics pertain to the song. The recording is made with a mechanical license to the rights of the song, and a CD is distributed with a license to the recording (owned by the band, unless they recorded as a work-for-hire for their their record label, which is typical).
As a listener, you either own a physical product that happens to have been made with those licenses, or you're listening to a performance, if you're streaming. Neither of these things give you further rights with the song or recording.
This stuff is pretty wacky, and I may have some of those details wrong. I took a class in music industry law a decade ago