Paul McCartney to Regain Copyright of Beatles Songs He Wrote in 2018
Posted by Jeffrey Harris on 08.17.2013
From Michael Jackson's estate...
The Daily Mail reports that in five more years (2018), the copyright for much of The Beatles catalog will revert back to Paul McCartney from the estate of Michael Jackson.
In 1985, Michael Jackson reportedly paid $47.5 million for the Associated Television Corporation's back catalog, which held hundreds of Beatles songs. As a result, for decades McCartney has had to pay Michael Jackson or his estate any time he wants to play a song he wrote. According to a source, "Paul's been fuming for decades. It's as much personal as business. Now he'll get back what's rightfully his."
In 2005, Jackson sold half of the rights to Sony Music for $95 million. Under the 1976 U.S. Copyright Act though, all songs written prior to 1978 revert to their writers after 56 years, which will be 2018 for McCartney.
McCartney and Jackson recorded several songs together in the 1980's, including "The Girl is Mine." The two reportedly fell out over the purchase. After Jackson's passing in 2009, McCartney would go on to say that his anger over the incident had faded and he felt privileged to have worked with Jackson.