Sir Paul may soon have the opportunity to buy back the publishing rights to his Beatle songs. But will he do it? Michael Jackson has owned the publishing rights to the Beatles' music since 1985. Last year he borrowed $450 million from his record company, Sony, to make his new Invincible album, using the Beatles' back catalog as collateral. The album was not a success and now Sony is about to call in the loan. The rights to these songs could be worth nearly $1 billion on the auction block. However, Sir Paul recently told New York city D.J. Howard Stern, "Buying the songs back at these phenomenal sums . . . I just can't do it!" Beatles' author Keith Badman sympathizes saying, "It would be fabulous if Paul could own these songs again. Why should he pay to get them back?"
(kindly submitted by PLUGGED correspondent Joan M. Hopkins)
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