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IMNAL but I am positive you need to get permersion from the original broadcaster of the live set (assuming this was recorded for a radio station so they own it). I am not sure if you have to get permission from every label in the set, I doubt it. I do not know how live sets that were not recorded for a specific station (like Radio 1, ID&T, etc) would work.
The reason I do not think you need to get persmission from every label in the mix is because the radio stations pay fees to the copyright organizations (I can't think of there names now, the US has 2 major ones but you should learn about that sort of thing in your radio class) that let you play records you own. I mean even if you were not playing a recorded live set from Radio 1 but instead were just playing the CDs you or the station own, you do not need to call up every label and ask them if you can play it. The fact that your station pays fees to the copyright right organization frees you of this burden.
The safest way to go if you want to have mixed sets on the show (which I think is a great idea) is to either have local (or maybe even big :P ) DJs come in and spin live. Another option would be to play recorded mixes of DJs you get on the Internet. No not the latest PVD set from KAZAA, I mean demo CDs up and coming DJs record and put online (or even the stuff in our own DJ Promotion Forum). I am not sure exactly how the copyright stuff for these work but if you have permission from the DJ and are paying your copyright dues I think you are pretty good.
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Major Johnson - February Progressive Mix
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