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Actually, since I last posted I found out that the "mechanical license" you get from Harry Fox only works if you're doing a cover song on a CD. If you want to use it on any sort of visual medium, you have to go dircetly to the music publisher and get what's called a "synchronization license." I'm not sure what the costs are for a cover song, (still waiting to hear back) but I know getting teh actual song can be pretty damn expensive.
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