(1) This section has effect subject to Parts VII and X.
(2) Subject to subsection (3), the maker of a sound recording is the owner of any copyright subsisting in the recording by virtue of this Part.
(2A) If there is more than one owner of the copyright in a sound recording of a live performance, the owners own the copyright as tenants in common in equal shares.
(3) Where:
(a) a person makes, for valuable consideration, an agreement with another person for the making of a sound recording by the other person; and
(b) the recording is made in pursuance of the agreement;
the first - mentioned person is, in the absence of any agreement to the contrary, the owner of any copyright subsisting in the recording by virtue of this Part.