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Started By
Message
re: $150-$200 Million
Posted on 7/6/09 at 9:39 am to manwich
Posted on 7/6/09 at 9:39 am to manwich
quote:
and not the slightest bit upset at who was bidding against him.
I am sure he is. I am sure he would have been mad at whoever bught it. He and Lennon shouldn't have made the company that owned the songs public or knew something like a buyout could happen when you do go public.
1
Posted on 7/6/09 at 9:39 am to Cash
quote:
So PM should have known more than anyone what they were worth.
Exactly
Posted on 7/6/09 at 9:40 am to TheDoc
quote:
didn't paul write the songs?
Of course but isn't it the way of music for other people to own and make money of the songs that somebody else writes??? If you don't like that model listen to Texas country....thats what I do
Posted on 7/6/09 at 9:40 am to Cash
so you really thought it wasn't offensive to PM that it was MJ bidding against him for his songs? is that what you're saying?
Posted on 7/6/09 at 9:40 am to TheDoc
quote:yea and for that, he still gets royalty payments when his songs are licensed regardless of who owns the rights to his songs
didn't paul write the songs?
Posted on 7/6/09 at 9:41 am to Cash
quote:
Why? Music rights are an asset. They can be bought and sold like a stock or a piece of property. As it was the 47.5 mil MJ bought them for was a steal. They were worth much more than that.
PM didn't own them. He has no right to bitch because MJ spotted an under price asset.
The Beatles were already paid for those song rights many times over:
quote:
During the 1974 proceedings dissolving the Beatles as an entity, a court ruling decreed that eighty percent of all profits from Beatles albums (as a group) would accrue to Apple Records, and five percent would go to each of the four members. The label consistently made a profit through 1984, mostly through continued issues of old Beatles records, then lost money for several years.
quote:
In 1963 Lennon and McCartney agreed to assign their song publishing rights to Northern Songs, a company created by music publisher Dick James.[117] The company was administered by James' own company Dick James Music. Northern Songs went public in 1965, with Lennon and McCartney each holding 15% of the company's shares Dick James and the company's chairman, Charles Silver, held a controlling 37.5%.
In 1969, following a failed attempt by Lennon and McCartney to buy the company, James and Silver sold Northern Songs to British TV company Associated TeleVision (ATV), from which Lennon and McCartney received stock.
In 1985, after a short period in which the parent company was owned by Australian business magnate Robert Holmes à Court, ATV Music was sold to Michael Jackson for a reported $47 million[118] (trumping a joint bid by McCartney and Yoko Ono), including the publishing rights to over 200 songs composed by Lennon and McCartney.
In 1995, Jackson and Sony merged its music publishing businesses.[118] Since then Jackson and Sony jointly owned most of the Lennon-McCartney songs recorded by The Beatles. Meanwhile, Lennon's estate and McCartney still receive their respective songwriter shares of the royalties.
Despite his ownership of most of the Lennon-McCartney publishing, Jackson only recorded one Lennon-McCartney composition himself, "Come Together" which was featured in his film Moonwalker and HIStory album.
Although the Jackson-Sony catalogue includes most of The Beatles' greatest hits, four of their earliest songs had been published by one of EMI's publishing companies prior to Lennon and McCartney signing with Dick James – and McCartney later succeeded in personally acquiring the publishing rights to "Love Me Do", "Please Please Me", "P.S. I Love You" and "Ask Me Why" from EMI.
Harrison and Starr did not renew their songwriting contracts with Northern Songs in 1968, signing with Apple Publishing instead. Harrison later created Harrisongs, which still owns the rights to his post-1967 songs such as "While My Guitar Gently Weeps" and "Something". Starr also created his own company, called Startling Music. It holds the rights to his two post-1967 songs recorded by The Beatles, "Don't Pass Me By" and "Octopus's Garden".
Posted on 7/6/09 at 9:42 am to manwich
quote:
so you really thought it wasn't offensive to PM that it was MJ bidding against him for his songs? is that what you're saying?
Offensive? Sure, but wrong...not in the least.
Posted on 7/6/09 at 9:42 am to stout
quote:the point is not that the rights were bought, the point is who they were bought by. how much clearer can i be? everyone knows it makes good business sense. that's not the point.
He and Lennon shouldn't have made the company that owned the songs public or knew something like a buyout could happen when you do go public.
Posted on 7/6/09 at 9:43 am to stout
quote:offensive = dick move for a friend
Sure, but wrong...not in the least.
Posted on 7/6/09 at 9:44 am to stout
quote:yea thats what im saying.
Offensive? Sure, but wrong...not in the least.
it was a smart, shrewd business move. but it was still a dick move
Posted on 7/6/09 at 9:45 am to manwich
I don't think they were as big of buddies as PM plays them up to have been though. That is just part of his story to get sympathy from people.
Posted on 7/6/09 at 9:46 am to manwich
quote:
so you really thought it wasn't offensive to PM that it was MJ bidding against him for his songs? is that what you're saying?
Havn't I made that clear. PM can get upset all he wants, but he screwed up.
Posted on 7/6/09 at 9:47 am to Cash
quote:
but he screwed up.
/Thread
Posted on 7/6/09 at 9:48 am to manwich
quote:
the point is not that the rights were bought, the point is who they were bought by. how much clearer can i be?
If PM wanted a say so in who owned the rights, he shouldn't have sold them off in the first place.
You think Bill Gates has a right to get pissed if Steve Jobs buys a few million shares of Microsoft?
Posted on 7/6/09 at 9:49 am to stout
quote:
Sure, but wrong...not in the least.
a little unethical IMO
but shite, this IS michael jackson we're talking about, so all bets all off really.
"Alien vs. predator" eh stout?
Posted on 7/6/09 at 9:49 am to Cash
quote:i don't think your comprehension skills are up to par.
PM can get upset all he wants, but he screwed up.
Posted on 7/6/09 at 9:50 am to stout
quote:
I don't think they were as big of buddies as PM plays them up to have been though.
I think this could be more true than any of us know.
Posted on 7/6/09 at 9:50 am to Cash
quote:
You think Bill Gates has a right to get pissed if Steve Jobs buys a few million shares of Microsoft?
As I said earlier, you have no right to get upset when you go public and it bites you in the arse. Friend or not.
Posted on 7/6/09 at 9:52 am to manwich
quote:they're coming at it from a different angle not realizing that we are in agreement
i don't think your comprehension skills are up to par.
Posted on 7/6/09 at 9:52 am to manwich
quote:
i don't think your comprehension skills are up to par.
I understand completely. If these songs were so near and dear to PM's heart, he should have clung to their rights like a Rick James to a crack rock.
Yet he sold them years before.
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