My Little Pony XLVIII: I say Ol' Chap, how about those Equestrians?

[Anarion]

Which is further complicated as the rights to the lyrics to popular songs are generally held by publishing houses while the rights to specific recordings of them are generally held by record labels. Sometimes you'll see things like this new version of Stories's cover of "Brother Louie," created for the opening credits of the TV show Louie purely as a way around a lot of the licensing fees they would've had to pay had they used the original version.

Actually, it's only a big deal if you want to use a famous person's rendition of a song. Licensing the performance of a song by, I dunno, the Red Hot Chili Peppers would cost you an arm and a leg. Making your own cover of one of their compositions is, iirc, 11 cents.

Yeah, well said. You're a pretty convincing dude, I'll say. You should try to do that, you know, like for a living somehow.