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Before you start licensing out your music, you need to register the songs with a Publishing Rights Organization (PRO), like BMI, ASCAP, and SESAC. After your song is written, recorded, mixed, and mastered, you'll want to register it with a PRO.
To license music for commercial use, you must first obtain approval from the rights holders and agree a fee. You will need both a sync license and a master license from the recording label. Once you have got these licenses you are good to go.
It's AC/DC's "Thunderstruck". The producers of "Varsity Blues" paid $500,000 to use it, and that was all the way back in 1999.
Costs for licensing a famous song can range from as low as $100 for an independent artist to as high as several hundred thousand dollars plus licensing fees for a major recording artist or label. The cost is variable and dependent on the deal that you make with the copyright license holders.
The synchronization fees charged by music publishers for major studio films are usually between $15,000 and $60,000 (with the majority ranging from $20,000 to $45,000) but can be lower if the music budget is small or higher if the song is used several times in the motion picture, if the use is under the opening or ...
A license with BMI can range from $250 to $400 per year, but larger businesses might pay upward of $2,000 per year.
If it is a song by a small independent artist, the cost of a license could be between $50 and $150. However, if you're looking to license famous songs by top artists, the price can skyrocket to several thousand dollars without any problem.