The Harry Fox Agency is a mechanical license administrator. In short, HFA issues mechanical licenses for reproductions of musical compositions embodied in sound recordings that are manufactured and distributed in the U.S.
The New Formula for Success in the Music Business
The old method of promoting a new act in the music business was for a record company to invest at least $500,000 in studio time with a good producer, the cost of a good video, the advertising budget, and the cost of the first promotional road tour.