The royalty payments deposited
pursuant to section 1005 shall, in accordance with the procedures
specified in section 1007, be distributed to any interested copyright
party-
(1) whose musical work or sound recording has been-
(A) embodied in a digital musical recording or an analog musical
recording lawfully made under this title that has been distributed, and
(B) distributed in the form of digital musical recordings or analog
musical recordings or disseminated to the public in transmissions,
during the period to which such payments pertain; and
(2) who has filed a claim under section 1007.
(b) Allocation of Royalty Payments to Groups. The royalty payments shall
be divided into 2 funds as follows:
(1) The sound recordings fund. 66 2/3 percent of the royalty payments
shall be allocated to the Sound Recordings Fund. 2 5/8 percent of the
royalty payments allocated to the Sound Recordings Fund shall be placed
in an escrow account managed by an independent administrator jointly
appointed by the interested copyright parties described in section
1001(7)(A) and the American Federation of Musicians (or any successor
entity) to be distributed to nonfeatured musicians (whether or not
members of the American Federation of Musicians or any successor entity)
who have performed on sound recordings distributed in the United States.
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