Paul McCartney Finally Secures Rights To Beatles Songs

In 1969, Paul McCartney and John Lennon attempted to buy Northern Songs, which was the original publisher of the Beatles catalog, but lost out to ATV Music. Some 15 years later, ATV Music went up for sale, offering yet another chance to secure the rights to the Beatles’ Lennon-McCartney songs. In an unfortunate twist, Paul McCartney was outbid by friend and fellow star Michael Jackson, who bought the company for $47.5 million in 1985. To add insult to injury, Michael bought ATV Music following Paul’s advice about investing in music publishing. Their friendship never recovered. In early 2016, Sony announced that it would buy out Michael’s 50% stake of ATV Music from the late musician’s estate for $750 million, creating yet another window of opportunity for Paul McCartney to negotiate the rights to his own song’s with The Beatles. So finally, news over the weekend that Paul McCartney has secured the rights to his music in a private settlement was a big win, after nearly 50 years! Few details have been disclosed, except for a statement by Paul McCartney’s lawyer, announcing that Sony and McCartney “have resolved this matter and that McCartney’s lawsuit over the catalog had been dismissed.” 

Image source: https://www.paulmccartney.com

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