Paul’s money grude with Yoko continues.

This whole story is so….yesterday.  You mean to tell me that Paul is still bitter with Yoko over the whole Michael Jackson deal?  I guess I would be bitter too.  Not only do you lose control of the catalog, and your songs are used to promote tennis shoes, but you have to pay to play your own songs. 

And then….you’d have to pony up an even larger amount of cash in attempts to get them back.  OK I’d hold a grudge over that too.

Here’s what we’ve read.

Paul McCartney  is still seething after taking Lennon’s widow Yoko Ono’s advice – because it cost him millions of pounds.

The music legend was keen to buy back the copyright of the original Beatles’ songs for the relatively cheap price of £12.5 million ($24 million) in the eighties. But Ono warned him against the purchase, insisting the deal wasn’t worth anything.

Pop star Michael Jackson seized on the opportunity and bought the rights for £28 million ($55 million). They are now worth in excess of £500 million ($975 million) and part-owned by Sony.

Beatles producer Sir George Martin says, “Paul spoke to Yoko saying, ‘Shall we buy it back between John and myself?’ “But she said it wasn’t worth it.”

At present, the copyright is worth something approaching one billion dollars.” “Paul’s always had a chip on his shoulder about that.”

Source: PR Inside


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