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What is the difference between, ASCAP, BMI, PRS, SOCAN and Neighboring Rights?

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What is the difference between, ASCAP, BMI, PRS, SOCAN and Neighboring Rights?

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ASCAP, BMI, PRS, SOCAN (Society of Composers, Authors and Music Publishers) are responsible for administering the rights of composers, authors and music publishers while the Neighboring Rights Agencies are responsible for administering the rights of the performers and master owners of sound recordings.

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