The other person would also compose and record the background music (don’t know the technical term for what’s not the melody and English is not my first language either).
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Both. There are two works being created, a musical work and a sound recording. You would own the rights to the musical work, the signer would own the sound recording.
If somebody else wanted to use the song in a movie then they’d need permission from both of you. If they wanted to do a cover of the song for the movie, they’d only need your permission.
The signer would owe you royalties for covering your song. Note that once your song is publicly released, you can’t stop people from covering it, as long as they pay your royalties. However, if they sneak into your studio and steal the song, they have no right to cover it.
https://www.copyright.gov/engage/musicians/
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