Michael Jackson’s Iconic Purchase of The Beatles’ Catalog: A Historic Music Industry Tale
How Michael Jackson Secured The Beatles' Song Rights: A Game-Changer in Music Ownership
Hello, music enthusiasts! The back-story of Michael Jackson acquiring the Beatles’ song rights is a still an interesting tale of friends becoming business partners then becoming employees. This journey started when Paul McCartney advised Jackson on the significance of owning publishing rights for enduring financial success, encouraging him to invest in significant song catalogs.
Jackson jokingly mentioned purchasing McCartney’s music, and eventually, he turned that thought into a reality. In 1985, Jackson obtained the rights to the Beatles’ catalog through a transaction with ATV Music. This acquisition proved to be highly lucrative, but it also caused a rift with McCartney.
When McCartney attempted to discuss the catalog’s ownership, Jackson retained his business-focused position, further straining their friendship. This narrative illustrates the powerful impact that strategic business decisions can have in the music industry.
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