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Ask HN: How does music licensing work?

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Ask HN: How does music licensing work?

#1
I have an idea for a new project that would allow users to listen to radio-style broadcasts online. I am at a loss on how to go about paying for a license to make such a site legal. Does anyone know of a service that allows streaming of music legally to third-parties? It would be desirable to both pay for and source music through the same platform.