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THE MUSICIANFrom the musician's point of view, a composition or recorded performance begins its life under the statutory law of copyright,' and then generates income by the receipt of payment(s) or royalties determined by the common law of contract. This alchemy of turning music into money is accomplished within a complex United States music industry, whose multi-faceted business and licensing organizations have traditionally been in symbiosis with the copyright laws as evidenced by an industry structure that aligns with the categories of the "bundle of rights" 2 that comprise exclusive rights under copyright.