Not really due to copyright laws more down to licensing rights, historically licensing rights have been sold on a per-country basis.
If it makes you feel better the record companies hate it too, I know the popular fad is to blame the music industry, but there's so much legal red tape over contracts it's actually very hard for them to innovate.
> Not really due to copyright laws more down to licensing rights
Without the copyright laws, there would be no need to obtain licensing rights.
> I know the popular fad is to blame the music industry, but there's so much legal red tape over contracts it's actually very hard for them to innovate.
The whole copyright-based legal infrastructure needs to be torn down and new ways to pay artists need to arise which don't rely on freedom- and innovation- resricting laws.