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If I do CDs and digital downloads, does that require two separate licenses?

Answer:

Yes. We have to send separate paperwork for each different format you release. So, if you plan to distribute on multiple formats, such as CDs and digital downloads, you will need to buy a separate license for each, and we will have to charge our fee each time.
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https://www.easysonglicensing.com/pages/help/resources/music-licensing-question-with-answer.aspx