According to an attorney consulted by Wired blogger, Scott Gilberton, it's completely unnecessary to pay for ringtones of songs you already own. So don't pay cash for your ringtones. That's for suckers.
Apparently the law has established that a ringtrone is not a derivative work, so the rights that accompany the song, apply to the ring tone. Now, make sure your ringtone is not annoying.
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