DistroKid. You have to pay the mechanical license to the song writer (usually done through the Henry Fox Agency, which handles compulsory licenses for cover songs). Important : iTunes, Amazon Music, and Napster do not accept soundalike cover songs (more and more stores are starting to take this stance lyrics as well). There are levels to this, of course, depending on where you will be releasing your cover song.
Conclusion While legitimately offering cover songs on your website isn't easy, it is within the reach of individual professional musicans and serious amateurs. FOR info ON limelight, See: Limelight: Cover Song Licenses Camping for Concerts and Festivals: Creating a Campground. A soundalike cover is a song that sounds very similar to the original. .