How Paul McCartney and John Lennon Lost Ownership Of The Beatles Catalogue

paul and mike

via Celebrity Net Worth

by Brian Warner

In 1982 Michael Jackson flew to England to record the song “Say, Say, Say” with former Beatle Paul McCartney at the famous Abbey Road studio. This was the second musical collaboration between Paul and Michael, the first being 1981’s “The Girl is Mine” which was featured on Jackson’s smash hit album “Thriller”. While working on “Say, Say, Say”, Paul invited Michael to stay with him and his wife Linda at their home in suburban London. One fateful night, after the three finished dinner, Paul took out a thick leather bookl and laid it out on the dining room table. This particular book listed every song and publishing right that Paul had acquired over the last 10 years. He made it clear to Michael that owning publishing rights was the only way to make really big money in the music industry. Paul further bragged that in the last year alone, he had earned approximately $40 million off his music catalogue.

“Every time someone records one of these songs, I get paid. Every time someone plays these songs on the radio, or in live performances, I get paid.”

Paul also clarified that none of those earnings came from Beatles songs because amazingly, he did not own them. Ironically, this free advice would come back to bite Paul in the butt two years later when Michael purchased the entire Beatles catalogue for $47.5 million. Paul felt appropriately back stabbed and his relationship with Michael was damaged forever. But how on earth did Paul McCartney and John Lennon lose ownership of The Beatles catalogue in the first place??!!

Read more: http://www.celebritynetworth.com/articles/entertainment-articles/how-michael-jackson-bought-the-beatles-catalogue-then-turned-it-into-a-billion-music-empire/

2 Comments (+add yours?)

  1. peace1971
    Jan 04, 2016 @ 19:11:29

    Isn’t this an awful story?

    >

    Reply

  2. Ed Cyphers
    Jan 05, 2016 @ 17:36:08

    Horrible.

    Reply

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