need info on "songs from S.St." l.p. on P.Pan Rec.

Hello! I found this record at a garage sale several years ago and it's been a real conversation piece since. (*not affiliated with the TV program sesame street"...huh?) I'm currently putting together a short film and would like to add a song from the l.p. to the soundtrack. This is where it gets tricky. Obviously I will need a copyright clearance for the individual song, but the problem I'm having is with the "sound recording" ,that specific version on the l.p. So, question #1 is Peter Pan Records still in operation? (I've found nothing online saying so) and #2, if they're no longer operational, would that mean that specific sound recording is open for use?
I know this isn't a lawyer message board, but any info would be a huge help.
BTW-the song is Jimmy Webb's "Up Up & Away".

thanks, J. Brown

Would you like to ride in my beautiful balloon
Would you like to ride in my beautiful balloon
We could float among the stars together, you and I
For we can fly we can fly
Up, up and away
My beautiful, my beautiful balloon
The world's a nicer place in my beautiful balloon
It wears a nicer face in my beautiful balloon
We can sing a song and sail along the silver sky
For we can fly we can fly
Up, up and away
My beautiful, my beautiful balloon
Suspended under a twilight canopy
We'll search the clouds for a star to guide us
If by some chance you find yourself loving me
We'll find a cloud to hide us
We'll keep the moon beside us
Love is waiting there in my beautiful balloon
Way up in the air in my beautiful balloon
If you'll hold my hand we'll chase your dream across the sky
For we can fly we can fly
Up, up and away
My beautiful, my beautiful balloon
Balloon...
Up, up, and away.....

JaniceFerSure, you know every song in the book don't ya?

No Barry,I just know how to look up most that are on the internet,and I have several lyric sites bookmarked. Thanks.