Back in 1985, the King of Pop Michael Jackson had outbid Paul McCartney for the rights to own the publishing to The Beatles songs.
What is still considered one of the shadiest business transactions in music history, 31 years later McCartney finally has his opportunity to strike back.
As we reported, mega conglomerate Sony recently purchased Jackson’s catalogue of Beatles’ chart toppers (such as “Yesterday” and “Let It Be”) for a whopping $750 million dollars, and now McCartney is taking headlines as he plans to regain ownership of what is rightfully his.
Billboard reported just last week that Sir Paul set into motion some serious rock and roll authority back in December of 2015. He now deals with a series of legal proceedings that will allow him to take back the rights to a collection of 32 songs from the Beatles catalogue.
Also reported by Billboard, “the U.S. Copyright Act of 1976 gave songwriters the ability to recapture the publishers’ share of their songs, and in the case of titles written before 1978, writers can recapture songs after two consecutive 28-year terms, or 56 years. (That legislation allows for writers of songs issued in or after 1978 to recapture their publishing after 35 years). The Lennon-McCartney catalogue begins hitting the 56-year mark in 2018.”
However, these laws won’t apply to McCartney’s share of songs in a vast number of other countries.
McCartney will soon set out on a series of tour dates in the US only. Dates announced thus far are as follows:
04-13 Fresno, CA – SaveMart Arena
04-15 Portland, OR – Moda Center
04-17 Seattle, WA – Key Arena
04-19-20 Vancouver, British Columbia – Rogers Arena
04-30 Little Rock, AR – Verizon Arena
05-02 Sioux Falls, SD – Denny Sanford Premier Center