Don Henley: Record Companies 'Not Going to Roll Over' on Copyright Issue (Courtesy of Liz M)

A major shakeup may be coming in the music business: Thanks to a provision in U.S. Copyright Law, musicians may be able to gain control of the master tapes of their albums – good news for artists, bad news for the record companies that have made millions from those records over the years. The law, which went into effect in 1978, will impact albums released 35 years after that date. So in 2013, major labels could potentially be deprived revenue from classic 1978 albums like Bruce Springsteen's Darkness on the Edge of Town, Billy Joel's 52nd Street and Bob Dylan's Street-Legal. A few artists, including Tom Waits, have already filed paperwork for so-called "termination rights" for music from this period.

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