Record Company [Patents] Law and Legal Definition

According to 37 CFR 385.11 [Title 37 -- Patents, Trademarks, and Copyrights; Chapter III -- Copyright Royalty Board, Library of Congress; Subchapter E -- Rates and Terms for Statutory Licenses; Part 385 -- Rates and Terms for use of Musical Works Under Compulsory License for Making and Distributing of Physical and Digital Phonorecords; Subpart B -- Interactive Streaming, Other Incidental Digital Phonorecord Deliveries and Limited Downloads], the term record company means “a person or entity that

(1) Is a copyright owner of a sound recording of a musical work;

(2) In the case of a sound recording of a musical work fixed before February 15, 1972, has rights to the sound recording, under the common law or statutes of any State, that are equivalent to the rights of a copyright owner of a sound recording of a musical work under title 17, United States Code;

(3) Is an exclusive licensee of the rights to reproduce and distribute a sound recording of a musical work; or

(4) Performs the functions of marketing and authorizing the distribution of a sound recording of a musical work under its own label, under the authority of the copyright owner of the sound recording.”