As reported on All Access.com, a radio industry site
Mister Charlie
SONY/ATV MUSIC PUBLISHING, co-owned by MICHAEL JACKSON and SONY, will keep
control of BEATLES songs following the pop singer's death, said a person
with knowledge of the venture's plans. THE WASHINGTON POST reports that
"JACKSON, who died THURSDAY at age 50 in LOS ANGELES (NET NEWS 6/18), owned
50% of SONY/ATV, which holds rights to more than 200 songs written by JOHN
LENNON and PAUL MCCARTNEY, as well as songs by BOB DYLAN, NEIL DIAMOND and
others. His stake is worth about $1 billion, said IVAN THORNTON, a
private-wealth adviser who has worked with Jackson.
"SONY/ATV will continue to hold the LENNON and MCCARTNEY catalogue, said the
person, who asked not to be named because the matter isn't public. BRITAIN's
DAILY MIRROR reported in JANUARY that JACKSON planned to leave THE BEATLES
rights to MCCARTNEY in his will to heal a rift between the musicians.
JACKSON paid $47.5 million in 1985 for the catalogue, outbidding MCCARTNEY
and LENNON's widow, YOKO ONO.
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RichL
> Beatles Publishing To Stay With Sony ATV
>
> SONY/ATV MUSIC PUBLISHING, co-owned by MICHAEL JACKSON and SONY, will
> keep control of BEATLES songs following the pop singer's death, said
> a person with knowledge of the venture's plans. THE WASHINGTON POST
> reports that "JACKSON, who died THURSDAY at age 50 in LOS ANGELES
> (NET NEWS 6/18), owned 50% of SONY/ATV, which holds rights to more
> than 200 songs written by JOHN LENNON and PAUL MCCARTNEY, as well as
> songs by BOB DYLAN, NEIL DIAMOND and others. His stake is worth about
> $1 billion, said IVAN THORNTON, a private-wealth adviser who has
> worked with Jackson.
>
> "SONY/ATV will continue to hold the LENNON and MCCARTNEY catalogue,
> said the person, who asked not to be named because the matter isn't
> public. BRITAIN's DAILY MIRROR reported in JANUARY that JACKSON
> planned to leave THE BEATLES rights to MCCARTNEY in his will to heal
> a rift between the musicians. JACKSON paid $47.5 million in 1985 for
> the catalogue, outbidding MCCARTNEY and LENNON's widow, YOKO ONO.
Can't Jackson's heirs sell or give their share of the company to anyone
they choose, including McCartney?
Mister Charlie
"RichL" <rple...@yahoo.com> wrote in message
news:F-2dnWDAf_7S5tTX...@supernews.com...
> Mister Charlie <wid...@hotmail.com> wrote:
>> Beatles Publishing To Stay With Sony ATV
>>
>> SONY/ATV MUSIC PUBLISHING, co-owned by MICHAEL JACKSON and SONY, will
>> keep control of BEATLES songs following the pop singer's death, said
>> a person with knowledge of the venture's plans. THE WASHINGTON POST
>> reports that "JACKSON, who died THURSDAY at age 50 in LOS ANGELES
>> (NET NEWS 6/18), owned 50% of SONY/ATV, which holds rights to more
>> than 200 songs written by JOHN LENNON and PAUL MCCARTNEY, as well as
>> songs by BOB DYLAN, NEIL DIAMOND and others. His stake is worth about
>> $1 billion, said IVAN THORNTON, a private-wealth adviser who has
>> worked with Jackson.
>>
>> "SONY/ATV will continue to hold the LENNON and MCCARTNEY catalogue,
>> said the person, who asked not to be named because the matter isn't
>> public. BRITAIN's DAILY MIRROR reported in JANUARY that JACKSON
>> planned to leave THE BEATLES rights to MCCARTNEY in his will to heal
>> a rift between the musicians. JACKSON paid $47.5 million in 1985 for
>> the catalogue, outbidding MCCARTNEY and LENNON's widow, YOKO ONO.
>
> Can't Jackson's heirs sell or give their share of the company to anyone
> they choose, including McCartney?
>
>
it, only the first 'official' speculation I've seen to date about the
catalog. I am sure SONY will hang on to it's share like a lioness, and the
Jacksons may well just keep it for his kids as well. I just found the rumor
of his willing it back to Macca interesting but legally I am sure that could
be overruled pretty easily.