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My read on it (and I may be wrong, I read quickly):
Key points:
A copy of depiction is something you keep once. You don't have to attach a copy of the original image / movie / clip to every model release, nor do you have to keep track of outtakes or cut segments as individual pieces. You keep the original work (as you received it) and index it to the model releases.
You only need to list the URL that the image / movie / whatever appears on and you are good to go.
The model releases sent to third parties (including secondary producers as needed) need only show photo, name, and YEAR of birth (going to get interesting on those barely legal "just turned 18" girls). Everything else can be blacked out (good news for models, who won't have their personal info spewed all over the place).
My questions involve things like pre-made advertising banners and other materials. Will secondary producers be required to get model releases for everyone in each image, and then cross reference every page that the banner appears on? What happens if you have a banner rotation system? Would it not make it nearly impossible to say exactly which banner was on which page at which second?
It is also not clear how this will apply to content produced before whatever the cutoff date is for this implementation.
More to follow, I guess.
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