1 Recorded Song = 2 Copyrights
There are two types of ownership (or copyrights) in one recorded song. One copyright is for the sound recording itself, and the other copyright is for the song itself, or the musical work. Record Labels, Independent Recording Artists, or whoever pays for the recording of the song, owns the sound recording, and the songwriters/publishers who wrote the song, own the song (or musical work) that is being recorded. Labels, Artists, etc. actually PAY royalties to the songwriters/publishers in order to be able to record and distribute the song.