(Radio.com) Paul McCartney is reportedly suing publisher Sony ATV over ownership of The Beatles' catalog, according to a new report from the celebrity gossip site TMZ.
Sony ATV agreed to buy out the remaining 50% interest in the catalog from Michael Jackson's estate in spring of last year for $750 millions dollars. However, based on U.S. Copyright Act of 1976 writers have the ability to reclaim the publisher's cut of their songs after 56 years (if the song was written before 1978) and 35 years (for songs written in or after 1978).
The first pieces of McCartney's Beatles catalog will turn 56 in 2018.According to the new report, McCartney expects his rights returned to him by that time, and is taking legal action to ensure that is the case after receiving the "run around" from Sony. Read more here.
John Lennon's Lost 'Help!' Guitar Sold For Record Price (2024 In Review)
John Lennon's Long-Lost 'Help!' Guitar Found (2024 In Review)
Beatles Biopics About Each Member Coming From Director Sam Mendes (2024 In Review)
George Harrison Early Beatles-Era Futurama Guitar Fetches $1.27 Million
Lucinda Williams Shares Her Take On Beatles Classic 'Something'
Copyright 2023 Iconoclast Entertainment Group All rights reserved.