“When copyright law was revised in the mid-1970s, musicians, like creators of other works of art, were granted “termination rights,” which allow them to regain control of their work after 35 years, so long as they apply at least two years in advance. Recordings from 1978 are the first to fall under the purview of the law, but in a matter of months, hits from 1979 will be in the same situation “and then, as the calendar advances, every other master recording once it reaches the 35-year mark. The provision also permits songwriters to reclaim ownership of qualifying songs.” Read the full article: New York Times
“Under the Copyright Act, authors (and their statutory heirs) may terminate certain transfers of copyrights that were effected in 1978 and after on the 35th anniversary of the transfer (although in some circumstances, different time frames may be applicable). Transfers of sound recordings and musical compositions are among the classes of copyright transfers that may be terminable. An author’s right to reclaim ownership of his or her copyright(s) is optional and must be exercised in accordance with strict notice provisions and within strict time limits. If you are the author of sound recording(s) and/or musical composition(s) that were transferred to third parties, it would be advisable to contact your attorney or other advisors to learn more about this important topic.” Source: www.Grammy365.com