[quote] I think Michael Jackson owned the rights to licensing the Beatles songs then.
[quote] [R34] he owned the Partial rights not the whole catalogue and then he sold them in the 2000s when he was broke for his "legal fees"
1985: ATV Music, having been acquired by Robert Holmes a Court, was put up for sale. Michael Jackson, who had famously been told about the value of publishing by McCartney during the sessions for their 1982 collaboration "Say, Say, Say," purchased ATV's 4,000-song catalog for $47.5 million, becoming the owner of the approximately 250 Lennon-McCartney songs, as well as tracks by Bruce Springsteen, the Rolling Stones, Elvis Presley and more. McCartney, to say the least, was not pleased.
1995: Amid reported financial issues, Jackson sold half of ATV to Sony for approximately $100 million, and together the two formed Sony/ATV Music Publishing, with Jackson and Sony each owning 50 percent of the company.
2006: With financial problems mounting and a potential bankruptcy appearing imminent, Sony negotiated a deal on Jackson's behalf to reduce loan payments on his debts, and as part of the negotiations, retained an option to purchase 50 percent of Jackson's 50 percent ownership in the future, which would give Sony 75 percent ownership of the catalog. According to the New York Times, the catalog was valued at the time around $1 billion, and if Jackson had gone bankrupt, his share of the company could have gone to auction in the proceedings that followed.
2009: Following Jackson's sudden death at the age of 50, his share of the catalog came under the control of his estate, run by Jackson's attorney John Branca and industry veteran John McClain.
2016: After announcing their intention to trigger their purchase option of Jackson's stake in the company, Sony officially agreed to buy out the Jackson estate's full 50 percent of Sony/ATV for $750 million, making Sony the sole owner of the Lennon-McCartney catalog as well as Sony/ATV's 750,000 songs.
2018?: McCartney's lawsuit this week was filed with an eye on the U.S. Copyright Act of 1976, which allowed songwriters to retain the publishers' share of their copyrighted works released before 1978 after a 56-year period (comprised of two 28-year terms); for the earliest Beatles songs, that term will be up in 2018, with the later songs eligible by 2026. That reversion back to McCartney is not assured, however; Duran Duran lost a similar suit against Sony in December.
***One additional note about Lennon's side of the issue: A provision of that law states that if the songwriter were to die within the first 28-year period, the writer's heirs would be eligible to recapture that publishing share at the end of that first period, which in the Beatles' case would be 1990. Lennon died in 1980, and sources told Billboard in 2009 that Sony cut a deal with his wife Yoko Ono prior to the expiration of that period to retain ownership of Lennon's share for the duration of the copyright period, which covers the 70 years after the owner's death; in this case, 2050.