I'll answer the last part first: when the trailer (or anywhere else) mentions the project done/released in 2013, that was meant purely as an arbitrary date, but one far enough in the future that seemed "about right." Please remember that the original idea was to let the REM community know about the project on Murmurs.com (done) and get excited about it (done) before the site shut down on Dec 31 (not happening anymore).
Since Murmurs.com will go on, Clive and I have decided to post our covers at bi-weekly intervals on my Owenshire Youtube page (with new threads started for each song in the Pop Songs forum on this site). It made no sense to us to tease the REM community with a trailer and then offer nothing for 2 whole years!
BUT, and here's the big butt, we are reluctant to make any of the songs available for download UNTIL we are completely done. The reason is simple: we want all of them to be mastered at the same volume level. And, additionally, we aren't really completely sure which 40 will be included on the "final" final tracklist. In short, you guys truly are seeing this thing as it's being thrown together.
I'm aware some people can rip the audio from Youtube videos, and that's fine---hell, if I loved a song well enough, I'd do it too--but, for those of you that are curious, I don't plan on posting the finished tracks/tracklist to my Bandcamp page until they are all done, sequenced, and mastered at the same level. Then we will post the lossless Wavs for all to have for free.
Okay, on to point 2: Royalties.
At one point I read the "indie band survival guide" which mentioned something about royalties and cover songs. In that book I was surprised to read that you owe a band something like 6cents for every song you cover of theirs---
even if you give it away for free. So, yeah, Clive and I owe REM something like $2.40 for doing our project...which I'll gladly pay! No joke. Anyway, that is for a cover song
where the cover artist makes NO money from the project.
BUT, when you plan to sell or make money from your cover songs, well, that is when other legalities like artist royalties, publishing royalties, and performance royalties all come into play--stuff, again, I don't know much about.
It's funny that you mentioned your example about using music in films for independent artists since I also read about this in that Indie Band Survival Guide...something about a website where indie artists upload stuff to be used in other creative projects royalty free. I mean, let's use my own original music as an example: for those of you who have visited the actual Owenshire channel on Youtube, I have uploaded a bunch of original songs--I've done this simply for exposure (knowing full well no one is going to pay money for a song from a band they've never heard of) Anyway, since I own all of my music, I would have no problem loaning it out to other artists for their projects (ie: films) as long as no money was being made. Most of the "copyright" attached to my own stuff is creative commons usage.
As for my quote of "variations are certainly allowed because they are COVERS"--I meant this purely artistically, meaning, I don't want people freaking out because I sing a lyric differently than Stipe, or because Clive's guitar doesn't sound exactly like Buck's or something. This was me just reminding everybody that they are COVER songs at heart, no matter how close to REM's versions they sound.
Legally, it wouldn't matter if an artist did a cover song and changed it slightly from the original--if he/she tried to make money from it without going through the proper legal channels, it would still be copyright infringement. I don't need a lawyer to tell me that!
And thanks for the compliments by the way.